Stock Rating Downgrade
The Value Trend Rating for Gulf Island Fabrication Inc (NASDAQ: GIFI) weakened recently from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 10/1/24, Gulf Island Fabrication Inc (NASDAQ: GIFI) stock declined modestly by -1.4%, closing at $5.56. However, this decline was accompanied by below average trading volume at 68% of normal. Relative to the market the stock has been strong over the last nine months but is unchanged during the last week.
Current PriceTarget Research Rating
GIFI’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to be a Value Builder.
Gulf Island Fabrication has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Gulf Island Fabrication has a neutral Appreciation Score of 50 but a good Power Rating of 74, resulting in the High Neutral Value Trend Rating.
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