Caesarstone Ltd (NASDAQ: CSTE) stock enjoyed a major increase of 11.8% on 7/8/24. The shares closed at $5.23. However, this advance was accompanied by unusually low trading volume at 63% of normal. The stock has risen 2.3% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
CSTE’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.
Caesarstone has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. Caesarstone has a slightly positive Appreciation Score of 66 and a very high Power Rating of 92, triggering the Highest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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