Stock Rating Downgrade
In recent days the Value Trend Rating for Clearfield Inc (NASDAQ: CLFD) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Clearfield Inc (NASDAQ: CLFD) stock closed at $38.03 on 10/18/24 after a slight decline of -0.4%. However, below average trading volume at 78% of normal accompanied the decline. The stock has risen 7.1% during the last week and has been exceptionally strong relative to the market over the last nine months.
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 (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Clearfield has a slightly negative Appreciation Score of 36 but a very high Power Rating of 87, resulting in the High Neutral Value Trend Rating.
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