Extremely important negative changes in investment behavior have recently occurred for Alliance Resource Partners LP (NASDAQ: ARLP): negative upside/downside volume developed, and the stock fell on very heavy volume.
Alliance Resource Partners LP (NASDAQ: ARLP). Meaningful negative changes in fundamentals have recently occurred: the consensus estimate for December, 2024 decreased significantly, and 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
ARLP’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.
Alliance Resource Partners has a current Value Trend Rating of A (Highest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Alliance Resource Partners has a neutral Power Rating of 58 but a good Appreciation Score of 84, resulting in the Highest Value Trend Rating.
Recent Price Action
On 8/5/24, Alliance Resource Partners LP (NASDAQ: ARLP) stock declined by -3.6%, closing at $23.02. Moreover, exceptionally high trading volume at 219% of normal accompanied the decline. Relative to the market the stock has been strong over the last nine months but has declined -10.7% during the last week.
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