On 4/8/24, Caesarstone Ltd (NASDAQ: CSTE) stock enjoyed a major increase of 17.8%, closing at $4.97. Moreover, trading volume in this advance was exceptionally high at 220% of normal. The stock has risen 21.5% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
CSTE is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Caesarstone has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Caesarstone has a good Appreciation Score of 72 but a poor Power Rating of 30, with the Neutral Value Trend Rating the result.
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.
Be the first to comment