On 8/6/24, Commercial Vehicle Group Inc (NASDAQ: CVGI) stock suffered a major decline of -15.9%, closing at $3.98. Moreover, this decline was accompanied by exceptionally high trading volume at 231% of normal. Relative to the market the stock has been extremely weak over the last nine months and has declined -25.6% during the last week.
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 C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Commercial Vehicle Group has a slightly positive Appreciation Score of 70 but a very low Power Rating of 5, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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