Meaningful negative changes in fundamentals have recently occurred for POSCO Holdings Inc (NYSE: PKX): significant quarterly sales deceleration occurred, the consensus estimate for December, 2023 decreased significantly, and the consensus estimate for December, 2024 decreased significantly.
POSCO Holdings Inc (NYSE: PKX) has recently experienced meaningful negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
PKX is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
POSCO Holdings has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. POSCO Holdings has a good Power Rating of 83 and a very high Appreciation Score of 95, leading to the Highest Value Trend Rating.
Recent Price Action
On 1/12/24, POSCO Holdings Inc (NYSE: PKX) stock rose slightly by 0.2%, closing at $85.18. However, this advance was accompanied by exceptionally low trading volume at 39% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -5.1% during the last week.
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