James River Group Holdings Ltd (NASDAQ: JRVR) stock enjoyed a major increase of 11.9% on 12/18/23. The shares closed at $9.50. Moreover, this advance was accompanied by exceptionally high trading volume at 277% of normal. The stock has been extremely weak relative to the market over the last nine months but has risen 5.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, JRVR is expected to be a Value Builder.
James River Group Holdings has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. James River Group Holdings has a good Appreciation Score of 73 but a poor Power Rating of 16, and the Low Neutral Value Trend Rating results.
Rating Review
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.
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