Kingstone Cos Inc (NASDAQ: KINS) stock enjoyed a major increase of 14.7% on 5/14/24. The shares closed at $4.60. Moreover, this advance was accompanied by exceptionally high trading volume at 302% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 12.2% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be below the cost of capital, KINS is expected to continue to be a modest Value Eraser.
Kingstone has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Kingstone has a poor Appreciation Score of 16 but a very high Power Rating of 99, triggering the High 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.
Be the first to comment