On 2/29/24, Tongxin International Ltd (NASDAQ: TREE) stock enjoyed a major increase of 11.9%, closing at $39.57. Moreover, trading volume in this advance was exceptionally high at 213% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 13.0% during the last week.
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 B (Positive). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. LendingTree has a slightly negative Appreciation Score of 33 but a very high Power Rating of 94, leading to the Positive Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
Be the first to comment