On 12/6/23, Via Renewables Inc (NASDAQ: VIA) stock suffered a major decline of -11.3%, closing at $8.50. Moreover, trading volume in this decline was exceptionally high at 241% of normal. Relative to the market the stock has been extremely weak over the last nine months and has declined -3.4% during the last week.
Current PriceTarget Research Rating
VIA’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
Via Renewables has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Via Renewables has a very high Appreciation Score of 85 but a poor Power Rating of 19, and the Neutral Value Trend Rating results.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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