On 5/2/24, The Shyft Group Inc (NASDAQ: SHYF) stock enjoyed a major increase of 15.4%, closing at $12.39. Moreover, above average trading volume at 127% of normal accompanied the advance. Relative to the market the stock has been extremely weak over the last nine months but has risen 15.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, SHYF is expected to continue to be a modest Value Builder.
Shyft Group has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Shyft Group has a neutral Appreciation Score of 50 but a very low Power Rating of 4, leading to the Lowest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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