On 11/6/24, TrueBlue Inc (NYSE: TBI) stock enjoyed a major increase of 11.3%, closing at $8.16. Moreover, this advance was accompanied by unusually high trading volume at 156% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 8.7% during the last week.
Current PriceTarget Research Rating
TBI’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to be Value Creation neutral.
TrueBlue has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. TrueBlue has a slightly positive Appreciation Score of 68 but a very low Power Rating of 1, with the Negative Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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