On 8/7/24, The ONE Group Hospitality Inc (NASDAQ: STKS) stock suffered a major decline of -10.6%, closing at $3.56. Moreover, this decline was accompanied by exceptionally high trading volume at 228% of normal. The stock has declined -28.8% during the last week and has been weak relative to the market over the last nine months.
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 C (Neutral). 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 82 but a neutral Power Rating of 42, producing the 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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