PriceSmart Inc (NASDAQ: PSMT) suffers from exceptional negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, the stock fell on very heavy volume, and negative upside/downside volume developed.
Recent small negative changes in fundamentals have impacted PriceSmart Inc (NASDAQ: PSMT): the stock’s power rating fell below 50.
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
With future capital returns forecasted to exceed the cost of capital, PSMT is expected to continue to be a Value Builder.
PriceSmart has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. PriceSmart has a neutral Power Rating of 48 and a slightly negative Appreciation Score of 40, resulting in the Low Neutral Value Trend Rating.
Recent Price Action
PriceSmart Inc (NASDAQ: PSMT) stock closed at $83.08 on 10/31/24 after a large decline of -7.0%. Moreover, trading volume in this decline was exceptionally high at 238% of normal. Relative to the market the stock has been strong over the last nine months but has declined -9.8% during the last week.
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