Extremely important positive changes in investment behavior have recently occurred for Flexsteel Industries Inc (NASDAQ: FLXS): its longer term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, positive upside/downside volume developed, its shorter term price trend turned up, and the stock rose on very heavy volume.
Flexsteel Industries Inc (NASDAQ: FLXS) suffers from slight negative changes in fundamentals: significant quarterly earnings deceleration 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
FLXS is expected to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Flexsteel Industries has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Flexsteel Industries has a neutral Power Rating of 59 but a good Appreciation Score of 72, and the High Neutral Value Trend Rating results.
Recent Price Action
Flexsteel Industries Inc (NASDAQ: FLXS) stock closed at $24.50 on 1/17/24 after a large increase of 2.1%. Moreover, exceptionally high trading volume at 442% of normal accompanied the advance. The stock has risen 35.4% during the last week and has been strong relative to the market over the last nine months.
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