Alert: Positive Investment/Fundamental Signals (1/3/24)-Apogee Enterprises Inc (NASDAQ: APOG)


Apogee Enterprises Inc (NASDAQ: APOG) has recently enjoyed extremely important positive changes in investment behavior: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.

Important positive changes in fundamentals have recently occurred for Apogee Enterprises Inc (NASDAQ: APOG): significant quarterly earnings acceleration occurred, and the consensus estimate for February, 2023 increased significantly.

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

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

Apogee Enterprises has a current Value Trend Rating of B (Positive). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Apogee Enterprises has a slightly negative Appreciation Score of 38 but a very high Power Rating of 92, and the Positive Value Trend Rating results.

Recent Price Action

On 1/3/24, Apogee Enterprises Inc (NASDAQ: APOG) stock declined modestly by -1.9%, closing at $52.07. However, trading volume in this decline was below average at 77% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -3.7% during the last week.

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