On 8/7/24, Gulf Island Fabrication Inc (NASDAQ: GIFI) stock suffered a major decline of -10.6%, closing at $5.40. Moreover, trading volume in this decline was exceptionally high at 479% of normal. The stock has declined -12.9% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
GIFI’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to be a Value Builder.
Gulf Island Fabrication has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Gulf Island Fabrication has a slightly negative Appreciation Score of 36 but a very high Power Rating of 86, with the Positive Value Trend Rating the result.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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