Stock Rating Upgrade
Recently the Value Trend Rating for Radiant Logistics Inc (NYSEAMERICAN: RLGT) improved from D to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Radiant Logistics Inc (NYSEAMERICAN: RLGT) stock rose modestly by 0.4% on 4/8/24. The stock closed at $5.26. However, trading volume in this advance was unusually low at 56% of normal. The stock has been weak relative to the market over the last nine months and has declined -3.0% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, RLGT is expected to continue to be a Value Builder.
Radiant Logistics has a current Value Trend Rating of C (Neutral). This VT Rating improved in recent days from D previously. This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Radiant Logistics has a slightly positive Appreciation Score of 65 but a slightly negative Power Rating of 35, and the Neutral Value Trend Rating results.
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