On 3/7/24, BIMI International Medical Inc (NASDAQ: BIMI) stock enjoyed a major increase of 14.0%, closing at $3.92. However, below average trading volume at 80% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months but has declined -2.0% during the last week.
Current PriceTarget Research Rating
BIMI is expected to continue to be a modest Value Eraser reflecting capital returns that are forecasted to fall short of the cost of capital.
BIMI International Medical 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. BIMI International Medical has a very low Appreciation Score of 1 but a very high Power Rating of 91, producing the Low Neutral Value Trend Rating.
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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