Alert: Positive Investment/Fundamental Signals (7/8/24)-RF Industries Ltd (NASDAQ: RFIL)

out_logo_500#04387.jpg

Recent extremely meaningful positive changes in investment behavior have benefitted RF Industries Ltd (NASDAQ: RFIL): the stock rose on very heavy volume, and positive upside/downside volume developed.

Significant positive changes in RF Industries Ltd (NASDAQ: RFIL) fundamentals have recently occurred. Positive developments: the consensus estimate for October, 2025 increased significantly, the stock’s power rating rose above 70, and significant quarterly earnings acceleration occurred. Negative development: significant quarterly sales deceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.

out_mm#04387.jpg

Current PriceTarget Research Rating

RFIL’s future returns on capital are forecasted to fall short of the cost of capital. Accordingly, the company is expected to continue to be a modest Value Eraser.

RF Industries has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. RF Industries has a poor Appreciation Score of 28 but a good Power Rating of 73, and the Neutral Value Trend Rating results.

Recent Price Action

RF Industries Ltd (NASDAQ: RFIL) stock enjoyed a large increase of 4.1% on 7/8/24. The stock closed at $4.02. Moreover, this advance was accompanied by exceptionally high trading volume at 262% of normal. The stock has been strong relative to the market over the last nine months and has risen 15.9% during the last week.

Be the first to comment

Leave a Reply

Your email address will not be published.


*