Clearfield Inc (NASDAQ: CLFD). Extremely significant negative changes in investment behavior have recently occurred: negative upside/downside volume developed, and its shorter term price trend turned down.
Meaningful negative changes in Clearfield Inc (NASDAQ: CLFD) fundamentals have recently occurred: significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to fall short of the cost of capital, CLFD is expected to be a modest Value Eraser.
Clearfield has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Clearfield has a slightly negative Appreciation Score of 32 but a good Power Rating of 83, leading to the Neutral Value Trend Rating.
Recent Price Action
Clearfield Inc (NASDAQ: CLFD) stock closed at $38.07 on 9/25/24 after a decline of -3.5%. However, this decline was accompanied by below average trading volume at 72% of normal. The stock has declined -4.6% during the last week but has been exceptionally strong relative to the market over the last nine months.
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