Haynes International Inc (NASDAQ: HAYN) has recently experienced extremely meaningful negative changes in investment behavior: negative upside/downside volume developed, and the stock fell on very heavy volume.
Significant negative changes in fundamentals have recently occurred for Haynes International Inc (NASDAQ: HAYN): the consensus estimate for September, 2024 decreased significantly, and the consensus estimate for September, 2025 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, HAYN is expected to continue to be a Value Builder.
Haynes International has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Haynes International has a neutral Appreciation Score of 52 but a good Power Rating of 77, triggering the Positive Value Trend Rating.
Recent Price Action
On 6/21/24, Haynes International Inc (NASDAQ: HAYN) stock declined slightly by -0.02%, closing at $58.25. Moreover, trading volume in this decline was exceptionally high at 210% of normal. Relative to the market the stock has been strong over the last nine months but is unchanged during the last week.
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