Recent exceptional positive changes in investment behavior have benefitted Carter Bankshares Inc (NASDAQ: CARE): positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and its shorter term price trend turned up.
Recent modest positive changes in fundamentals have benefitted Carter Bankshares Inc (NASDAQ: CARE). Positive developments: the consensus estimate for December, 2025 increased significantly, and the consensus estimate for December, 2024 increased significantly. Negative development: significant quarterly earnings deceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, CARE is expected to be Value Creation neutral.
Carter Bankshares has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Carter Bankshares has a neutral Power Rating of 57 but a good Appreciation Score of 74, triggering the Positive Value Trend Rating.
Recent Price Action
Carter Bankshares Inc (NASDAQ: CARE) stock declined modestly by -1.3% on 5/22/24. The stock closed at $13.38. However, trading volume in this decline was unusually low at 51% of normal. The stock has been weak relative to the market over the last nine months but has risen 4.0% during the last week.
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