Clearfield Inc (NASDAQ: CLFD) has reported a loss for its fourth fiscal quarter (ending September 30) of $-0.06 versus $0.17 for the same period a year ago — a decline of -135%. E.P.S. were $-0.85 for the latest four quarters through September 30 versus $2.17 for the same period a year ago — a decline of -139%.
Recent Price Action
Clearfield Inc (NASDAQ: CLFD) stock closed at $36.80 on 11/7/24 after an increase of 1.5%. Moreover, exceptionally high trading volume at 385% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 1.9% during the last week.
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 contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Clearfield has a slightly negative Appreciation Score of 37 but a good Power Rating of 84, producing the High Neutral Value Trend Rating.
Rating Review
In light of this new information and positive 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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