Fox Factory Holding Corp (NASDAQ: FOXF) has reported earnings for its third fiscal quarter (ending September 30) of $0.11 versus $0.83 for the same period a year ago — a decline of -87%. E.P.S. were $0.26 for the latest four quarters through September 30 versus $4.01 for the same period a year ago — a decline of -94%.
Recent Price Action
Fox Factory Holding Corp (NASDAQ: FOXF) stock declined by -2.9% on 10/31/24. The shares closed at $35.99. Moreover, trading volume in this decline was unusually high at 167% of normal. The stock has been weak relative to the market over the last nine months and has declined -2.8% during the last week.
Current PriceTarget Research Rating
FOXF is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Fox Factory Holding has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Fox Factory Holding has a good Appreciation Score of 73 but a very low Power Rating of 15, leading to the Low Neutral Value Trend Rating.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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