On 10/31/24, Stoneridge Inc. (NYSE: SRI) stock suffered a major decline of -24.7%, closing at $6.99. Moreover, this decline was accompanied by exceptionally high trading volume at 602% of normal. The stock has been extremely weak relative to the market over the last nine months and has declined -24.8% during the last week.
Current PriceTarget Research Rating
SRI is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Stoneridge has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Stoneridge has a slightly positive Appreciation Score of 70 but a poor Power Rating of 29, triggering 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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