Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Franklin Wireless Corp (NASDAQ: FKWL) improved recently. FKWL’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
Franklin Wireless Corp (NASDAQ: FKWL) stock closed at $4.28 on 7/29/24 after a large increase of 3.1%. However, trading volume in this advance was exceptionally low at 37% of normal. The stock has risen 5.7% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
FKWL is expected to continue to be a modest Value Eraser reflecting capital returns that are forecasted to be below the cost of capital.
Franklin Wireless has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Franklin Wireless has a poor Appreciation Score of 26 but a slightly positive Power Rating of 66, resulting in the Low Neutral Value Trend Rating.
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