Alert: Positive Investment/Fundamental Signals (12/7/23)-Apogee Enterprises Inc (NASDAQ: APOG)


Extremely important positive changes in investment behavior have recently occurred for Apogee Enterprises Inc (NASDAQ: APOG): the stock’s recent price rise disrupted its longer term downtrend, its longer term price trend turned up, and its shorter term price trend turned up.

Apogee Enterprises Inc (NASDAQ: APOG). Marginal positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, APOG is expected to continue to be a major Value Builder.

Apogee Enterprises has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Apogee Enterprises has a neutral Appreciation Score of 43 but a very high Power Rating of 91, producing the Positive Value Trend Rating.

Recent Price Action

On 12/7/23, Apogee Enterprises Inc (NASDAQ: APOG) stock declined slightly by -0.6%, closing at $48.05. However, unusually low trading volume at 58% of normal accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 7.7% during the last week.

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