Franklin Wireless Corp (NASDAQ: FKWL) stock closed at $4.50 on 9/20/24 after a major increase of 11.4%. Moreover, this advance was accompanied by exceptionally high trading volume at 503% of normal. The stock has risen 9.5% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
FKWL is expected to continue to be a modest Value Eraser reflecting capital returns that are forecasted to be below the cost of capital.
Franklin Wireless has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Franklin Wireless has a poor Appreciation Score of 25 but a good Power Rating of 84, resulting in the 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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