Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for The ONE Group Hospitality Inc (NASDAQ: STKS) improved during the last several trading days. STKS’ current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
The ONE Group Hospitality Inc (NASDAQ: STKS) stock declined modestly by -1.8% on 6/21/24. The stock closed at $4.45. However, this decline was accompanied by below average trading volume at 78% of normal. The stock has performed in line with the market over the last nine months and has declined -10.5% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, STKS is expected to continue to be a modest Value Builder.
ONE Group Hospitality has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. ONE Group Hospitality has a good Appreciation Score of 78 but a neutral Power Rating of 48, producing the Positive Value Trend Rating.
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