Sterling Infrastructure Inc (NASDAQ: STRL) stock suffered a major decline of -14.0% on 7/17/24. The shares closed at $111.30. Moreover, unusually high trading volume at 191% of normal accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
STRL’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Sterling Infrastructure has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Sterling Infrastructure has a poor Appreciation Score of 28 but a very high Power Rating of 97, and the Positive Value Trend Rating results.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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