Extremely important negative changes in investment behavior have recently occurred for Flexsteel Industries Inc (NASDAQ: FLXS): negative upside/downside volume developed, its shorter term price trend turned down, and the stock fell on very heavy volume.
Flexsteel Industries Inc (NASDAQ: FLXS). Marginal negative changes in fundamentals have recently occurred: significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, FLXS is expected to be a modest Value Builder.
Flexsteel Industries has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Flexsteel Industries has a neutral Appreciation Score of 58 but a very high Power Rating of 98, triggering the Highest Value Trend Rating.
Recent Price Action
Flexsteel Industries Inc (NASDAQ: FLXS) stock declined by -3.5% on 6/12/24. The shares closed at $31.54. Moreover, exceptionally high trading volume at 248% of normal accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -14.0% during the last week.
Be the first to comment