Recent exceptional positive changes in investment behavior have benefitted AstroNova Inc (NASDAQ: ALOT): the stock’s recent price rise disrupted its longer term downtrend, and its longer term price trend turned up.
AstroNova Inc (NASDAQ: ALOT) has recently enjoyed significant positive changes in fundamentals: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
ALOT is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
AstroNova has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. AstroNova has a poor Appreciation Score of 18 but a good Power Rating of 70, leading to the Low Neutral Value Trend Rating.
Recent Price Action
AstroNova Inc (NASDAQ: ALOT) stock closed at $13.90 on 11/10/23 after an increase of 1.5%. The stock has risen 3.0% during the last week and has been strong relative to the market over the last nine months.
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