The ONE Group Hospitality Inc (NASDAQ: STKS) stock closed at $3.97 on 3/15/24 after a major increase of 12.1%. Moreover, exceptionally high trading volume at 464% of normal accompanied the advance. The stock has been extremely weak relative to the market over the last nine months but has risen 14.1% during the last week.
Current PriceTarget Research Rating
STKS is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
ONE Group Hospitality has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. ONE Group Hospitality has a neutral Appreciation Score of 59 but a poor Power Rating of 16, and the Negative Value Trend Rating results.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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