Extremely significant positive changes in Canterbury Park Holding Corp (NASDAQ: CPHC) investment behavior have recently occurred: positive upside/downside volume developed, its shorter term price trend turned up, and the stock rose on very heavy volume.
Marginal positive changes in fundamentals have recently occurred for Canterbury Park Holding Corp (NASDAQ: CPHC): significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
CPHC is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Canterbury Park Holding has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Canterbury Park Holding has a neutral Appreciation Score of 48 and a slightly positive Power Rating of 64, producing the Neutral Value Trend Rating.
Recent Price Action
Canterbury Park Holding Corp (NASDAQ: CPHC) stock rose slightly by 0.2% on 6/21/24. The stock closed at $21.90. Moreover, this advance was accompanied by exceptionally high trading volume at 241% of normal. The stock has been strong relative to the market over the last nine months but has declined -4.4% during the last week.
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