Stock Rating Downgrade
In the last week the Value Trend Rating for Cable One Inc (NYSE: CABO) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 3/8/24, Cable One Inc (NYSE: CABO) stock increased 1.8%, closing at $450.68. However, trading volume in this advance was unusually low at 59% of normal. Relative to the market the stock has been weak over the last nine months and has declined -1.2% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, CABO is expected to continue to be a Value Builder.
Cable One has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Cable One has a slightly positive Appreciation Score of 69 but a very low Power Rating of 6, triggering the Negative Value Trend Rating.
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