Stock Rating Downgrade
During the last several trading days the Value Trend Rating for Fox Factory Holding Corp (NASDAQ: FOXF) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 11/8/24, Fox Factory Holding Corp (NASDAQ: FOXF) stock declined by -4.0%, closing at $34.03. Moreover, this decline was accompanied by above average trading volume at 133% of normal. Relative to the market the stock has been weak over the last nine months and has declined -5.4% during the last week.
Current PriceTarget Research Rating
FOXF is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Fox Factory Holding has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR's two proprietary measures of a stock's attractiveness. Fox Factory Holding has a slightly positive Appreciation Score of 68 but a very low Power Rating of 10, producing the Negative Value Trend Rating.