Alert: Negative Investment/Fundamental Signals (6/28/24)-Commercial Vehicle Group Inc (NASDAQ: CVGI)

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Commercial Vehicle Group Inc (NASDAQ: CVGI) suffers from meaningful negative changes in fundamentals: significant quarterly sales deceleration occurred, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.

Recent notable negative changes in investment behavior have affected Commercial Vehicle Group Inc (NASDAQ: CVGI): the stock fell on very heavy volume.

In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.

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Current PriceTarget Research Rating

CVGI is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.

Commercial Vehicle Group has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Commercial Vehicle Group has a slightly positive Appreciation Score of 67 but a very low Power Rating of 7, producing the Negative Value Trend Rating.

Recent Price Action

On 6/28/24, Commercial Vehicle Group Inc (NASDAQ: CVGI) stock declined modestly by -1.8%, closing at $4.90. Moreover, this decline was accompanied by exceptionally high trading volume at 287% of normal. Relative to the market the stock has been extremely weak over the last nine months and has declined -5.6% during the last week.

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