Smith & Wesson Brands Inc (NASDAQ: SWBI) stock closed at $17.39 on 3/8/24 after a major increase of 29.4%. Moreover, exceptionally high trading volume at 1146% of normal accompanied the advance. The stock has risen 26.7% during the last week and has been strong relative to 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, SWBI is expected to continue to be a Value Builder.
Smith & Wesson 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. Smith & Wesson Brands has a slightly negative Appreciation Score of 32 but a good Power Rating of 82, and the Neutral Value Trend Rating results.
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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