Rocky Brands Inc (NASDAQ: RCKY) stock enjoyed a major increase of 43.7% on 11/2/23. The shares closed at $18.11. The stock has been extremely weak relative to the market over the last nine months but has risen 37.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, RCKY is expected to continue to be Value Creation neutral.
Rocky Brands has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Rocky Brands has a very high Appreciation Score of 88 but a very low Power Rating of 1, leading to the Low Neutral Value Trend Rating.
Rating Review
In light of this very positive 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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