Stock Rating Downgrade
During the last several trading days the Value Trend Rating for Vera Bradley Inc (NASDAQ: VRA) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Vera Bradley Inc (NASDAQ: VRA) stock closed at $6.59 on 4/8/24 after a modest decline of -1.6%. However, this decline was accompanied by below average trading volume at 76% of normal. The stock has declined -3.1% during the last week but 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, VRA is expected to be a modest Value Builder.
Vera Bradley has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Vera Bradley has a neutral Appreciation Score of 57 and a neutral Power Rating of 60, and the High Neutral Value Trend Rating results.
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