Stock Rating Downgrade
Recently the Value Trend Rating for Clarus Corp (NASDAQ: CLAR) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Clarus Corp (NASDAQ: CLAR) stock rose slightly by 0.2% on 8/23/24. The stock closed at $4.60. Moreover, trading volume in this advance was exceptionally high at 276% of normal. Relative to the market the stock has been weak over the last nine months but has risen 3.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, CLAR is expected to continue to be a Value Builder.
Clarus has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Clarus has a slightly positive Appreciation Score of 63 but a poor Power Rating of 16, and the Negative Value Trend Rating results.
Be the first to comment