Extremely significant positive changes in Canterbury Park Holding Corp (NASDAQ: CPHC) investment behavior have recently occurred: positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and its shorter term price trend turned up.
Recent slight positive changes in fundamentals have benefitted Canterbury Park Holding Corp (NASDAQ: CPHC): significant quarterly earnings acceleration occurred.
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
With future capital returns forecasted to be in line with the cost of capital, CPHC is expected to be Value Creation neutral.
Canterbury Park Holding has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Canterbury Park Holding has a slightly negative Appreciation Score of 35 and a slightly negative Power Rating of 31, with the Negative Value Trend Rating the result.
Recent Price Action
On 1/17/24, Canterbury Park Holding Corp (NASDAQ: CPHC) stock enjoyed a large increase of 2.4%, closing at $21.93. However, trading volume in this advance was below average at 81% of normal. Relative to the market the stock has been weak over the last nine months but has risen 15.4% during the last week.
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