Extremely significant negative changes in American Woodmark Corp (NASDAQ: AMWD) investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and negative upside/downside volume developed.
Recent minimal negative changes in fundamentals have affected American Woodmark Corp (NASDAQ: AMWD): the consensus estimate for April, 2024 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
AMWD is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
American Woodmark has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. American Woodmark has a slightly positive Appreciation Score of 60 but a poor Power Rating of 22, triggering the Negative Value Trend Rating.
Recent Price Action
American Woodmark Corp (NASDAQ: AMWD) stock closed at $90.81 on 10/8/24 after a modest decline of -1.1%. However, below average trading volume at 68% of normal accompanied the decline. The stock has declined -2.8% during the last week and has been weak relative to the market over the last nine months.
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