Noah Holdings Limited (NYSE: NOAH) stock suffered a major decline of -23.0% on 5/30/24. The shares closed at $10.39. Moreover, this decline was accompanied by exceptionally high trading volume at 610% of normal. The stock has been weak relative to the market over the last nine months and has declined -30.2% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, NOAH is expected to continue to be a Value Builder.
Noah Holdings Limited has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Noah Holdings Limited has a good Appreciation Score of 83 but a neutral Power Rating of 40, producing the Positive Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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