NFI Group Inc ( (TSE:NFI) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
NFI Group Inc’s stock is experiencing downward pressure due to delays in vehicle deliveries caused by a battery recall and ongoing supply chain issues. Despite a strong backlog and market demand expected to boost performance in Q4, the company’s high leverage and negative profitability have led to a neutral analyst rating. Concerns about valuation persist, despite improved liquidity, underscoring significant risks in profitability and market conditions.
More about NFI Group Inc
YTD Price Performance: 18.02%
Average Trading Volume: 236,502
Technical Sentiment Signal: Buy
Current Market Cap: C$2.01B
For further insights into NFI stock on TipRanks’ Stock Analysis page.
See more of today’s top stock gainers and losers.