Noah Holdings Limited (NYSE: NOAH) stock closed at $7.85 on 7/3/24 after a major decline of -23.8%. Moreover, this decline was accompanied by exceptionally high trading volume at 242% of normal. The stock has declined -23.6% during the last week and has been weak relative to the market over the last nine months.
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 C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Noah Holdings Limited has a very high Appreciation Score of 91 but a poor Power Rating of 30, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this highly negative 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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