On 7/11/24, Taylor Devices Inc (NASDAQ: TAYD) stock enjoyed a major increase of 12.1%, closing at $46.81. However, below average trading volume at 72% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months and has risen 4.5% during the last week.
Current PriceTarget Research Rating
TAYD’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to be a modest Value Builder.
Taylor Devices has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Taylor Devices has a poor Appreciation Score of 23 but a very high Power Rating of 96, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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