Cheetah Mobile Inc (NYSE: CMCM) stock closed at $5.60 on 6/7/24 after a major decline of -12.5%. Moreover, this decline was accompanied by exceptionally high trading volume at 208% of normal. The stock has declined -5.9% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
CMCM’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
Cheetah Mobile has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Cheetah Mobile has a neutral Appreciation Score of 43 but a very high Power Rating of 96, leading to 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.
Be the first to comment