Stock Rating Downgrade
The Value Trend Rating for Live Ventures Inc (NASDAQ: LIVE) weakened recently from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 8/9/24, Live Ventures Inc (NASDAQ: LIVE) stock declined modestly by -1.1%, closing at $19.98. However, trading volume in this decline was unusually low at 59% of normal. Relative to the market the stock has been weak over the last nine months but has risen 13.6% during the last week.
Current PriceTarget Research Rating
LIVE’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to be Value Creation neutral.
Live Ventures has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Live Ventures has a neutral Appreciation Score of 58 but a poor Power Rating of 19, producing the Negative Value Trend Rating.
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