On 12/15/23, Conn’s Inc (NASDAQ: CONN) stock enjoyed a major increase of 15.2%, closing at $3.04. Moreover, trading volume in this advance was exceptionally high at 536% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 17.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, CONN is expected to be Value Creation neutral.
Conn’s 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 very contradictory signals. Conn’s has a very high Appreciation Score of 98 but a poor Power Rating of 17, producing 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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