Stock Rating Downgrade
In recent days the Value Trend Rating for Sanmina Corp (NASDAQ: SANM) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Sanmina Corp (NASDAQ: SANM) stock closed at $83.27 on 11/8/24 after a slight decline of -0.2%. Moreover, unusually high trading volume at 169% of normal accompanied the decline. The stock has risen 18.8% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, SANM is expected to continue to be an important Value Builder.
Sanmina has a current Value Trend Rating of C (Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Sanmina has a neutral Appreciation Score of 41 and a slightly positive Power Rating of 64, with the Neutral Value Trend Rating the result.
Be the first to comment