Recent extremely meaningful positive changes in investment behavior have benefitted California Water Service Group (NYSE: CWT): positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
California Water Service Group (NYSE: CWT) has recently enjoyed important positive changes in fundamentals: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of F. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
CWT is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
California Water Service Group has a current Value Trend Rating of F (Lowest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. California Water Service Group has a neutral Appreciation Score of 44 but a very low Power Rating of 14, and the Lowest Value Trend Rating results.
Recent Price Action
California Water Service Group (NYSE: CWT) stock closed at $49.10 on 6/24/24 after a large increase of 2.2%. However, trading volume in this advance was exceptionally low at 45% of normal. Relative to the market the stock has been weak over the last nine months but has risen 2.4% during the last week.
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