Covenant Transportation Group In (NASDAQ: CVTI) stock enjoyed a major increase of 14.6% on 5/21/20. The shares closed at $10.51. Moreover, unusually high trading volume at 191% of normal accompanied the advance. The stock has been extremely weak relative to the market over the last nine months but has risen 38.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be below the cost of capital, CVTI is expected to continue to be a Value Eraser.
CVTI has a current Value Trend Rating of C (Low Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. CVTI has a good Appreciation Score of 71 but a poor Power Rating of 17, triggering the Low Neutral Value Trend Rating.
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.