On 7/19/24, Scholastic Corp (NASDAQ: SCHL) stock suffered a major decline of -19.9%, closing at $29.30. Moreover, exceptionally high trading volume at 466% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -19.5% during the last week.
Current PriceTarget Research Rating
SCHL’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Scholastic 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 contradictory signals. Scholastic has a good Appreciation Score of 79 but a slightly negative Power Rating of 35, producing the High Neutral Value Trend Rating.
Rating Review
In light of this highly negative 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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