Recent significant negative changes in fundamentals have affected Ultra Clean Holdings Inc (NASDAQ: UCTT): significant quarterly sales deceleration occurred, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2024 decreased significantly.
Important negative changes in Ultra Clean Holdings Inc (NASDAQ: UCTT) investment behavior have recently occurred: the stock fell on very heavy volume.
In light of these highly negative signals we are reviewing our current Overall Rating of B. 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, UCTT is expected to continue to be an important Value Builder.
Ultra Clean Holdings has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Ultra Clean Holdings has a neutral Appreciation Score of 47 but a very high Power Rating of 91, producing the Positive Value Trend Rating.
Recent Price Action
Ultra Clean Holdings Inc (NASDAQ: UCTT) stock declined slightly by -0.9% on 6/21/24. The stock closed at $47.46. Moreover, this decline was accompanied by exceptionally high trading volume at 295% of normal. The stock has declined -3.5% during the last week but has been exceptionally strong relative to the market over the last nine months.
Be the first to comment