Carter Bankshares Inc (NASDAQ: CARE) stock closed at $14.82 on 6/27/24 after a major increase of 12.3%. Moreover, trading volume in this advance was exceptionally high at 246% of normal. The stock has risen 17.9% during the last week and has performed in line with the market over the last nine months.
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 C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Carter Bankshares has a slightly positive Appreciation Score of 70 but a poor Power Rating of 30, triggering the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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