Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Rocky Brands Inc (NASDAQ: RCKY) weakened of late. RCKY’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Rocky Brands Inc (NASDAQ: RCKY) stock closed at $21.60 on 11/8/24 after a modest decline of -1.3%. NORMAL trading volume accompanied the decline. The stock has risen 6.2% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, RCKY is expected to be a Value Builder.
Rocky Brands has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Rocky Brands has a good Appreciation Score of 70 but a slightly negative Power Rating of 40, with the Neutral Value Trend Rating the result.
Be the first to comment