Extremely significant positive changes in Tongxin International Ltd (NASDAQ: TREE) investment behavior have recently occurred: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Recent notable positive changes in fundamentals have benefitted Tongxin International Ltd (NASDAQ: TREE): the consensus estimate for December, 2024 increased significantly, and the consensus estimate for December, 2023 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, TREE is expected to be a Value Builder.
LendingTree has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. LendingTree has a slightly negative Appreciation Score of 39 and a slightly negative Power Rating of 33, resulting in the Negative Value Trend Rating.
Recent Price Action
On 12/8/23, Tongxin International Ltd (NASDAQ: TREE) stock enjoyed a large increase of 4.1%, closing at $23.72. Moreover, this advance was accompanied by unusually high trading volume at 164% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 34.0% during the last week.
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