On 3/8/24, Clarus Corp (NASDAQ: CLAR) stock enjoyed a major increase of 24.3%, closing at $6.55. Moreover, trading volume in this advance was exceptionally high at 397% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 13.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, CLAR is expected to be Value Creation neutral.
Clarus has a current Value Trend Rating of C (Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Clarus has a good Appreciation Score of 75 but a slightly negative Power Rating of 30, with the Neutral Value Trend Rating the result.
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.
Be the first to comment