Alert: Negative Investment/Fundamental Signals (11/10/23)-Kimball Electronics Inc (NASDAQ: KE)


Recent exceptional negative changes in investment behavior have affected Kimball Electronics Inc (NASDAQ: KE): the stock’s recent price decline challenged its longer term uptrend, its longer term price trend turned down, and negative upside/downside volume developed.

Recent important negative changes in fundamentals have affected Kimball Electronics Inc (NASDAQ: KE): the consensus estimate for June, 2024 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for June, 2025 decreased significantly.

In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.


Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, KE is expected to continue to be a modest Value Builder.

Kimball Electronics has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Kimball Electronics has a good Appreciation Score of 72 and a good Power Rating of 76, producing the Highest Value Trend Rating.

Recent Price Action

Kimball Electronics Inc (NASDAQ: KE) stock closed at $23.53 on 11/10/23 after an increase of 2.0%. The stock has been exceptionally strong relative to the market over the last nine months but has declined -11.1% during the last week.

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