Extremely significant positive changes in investment behavior have recently occurred for Ark Restaurants Corp. (NASDAQ: ARKR): its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, positive upside/downside volume developed, and the stock rose on very heavy volume.
In light of these very positive signals we are reviewing our current Overall Rating of F. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, ARKR is expected to be Value Creation neutral.
Ark Restaurants has a current Value Trend Rating of F (Lowest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Ark Restaurants has a poor Appreciation Score of 30 and a poor Power Rating of 27, producing the Lowest Value Trend Rating.
Recent Price Action
On 5/15/24, Ark Restaurants Corp. (NASDAQ: ARKR) stock enjoyed a very large increase of 7.9%, closing at $15.85. Moreover, trading volume in this advance was exceptionally high at 390% of normal. Relative to the market the stock has been weak over the last nine months but has risen 17.2% during the last week.
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