Citi Trends Inc (NASDAQ: CTRN) has reported a loss for its second fiscal quarter (ending July 31) of $-2.21 versus a loss $-0.61 for the same period a year ago. For the latest four quarters through July 31, E.P.S. were $-2.67 compared to $2.41 a year ago.
Recent Price Action
Citi Trends Inc (NASDAQ: CTRN) stock closed at $15.24 on 8/27/24 after a large decline of -7.2%. Moreover, exceptionally high trading volume at 534% of normal accompanied the decline. The stock has declined -2.3% during the last week and has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
CTRN’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.
Citi Trends has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Citi Trends has a neutral Appreciation Score of 49 but a poor Power Rating of 21, resulting in the Negative Value Trend Rating.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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