Camtek Ltd (NASDAQ: CAMT) stock closed at $113.47 on 7/17/24 after a major decline of -11.7%. Moreover, this decline was accompanied by exceptionally high trading volume at 232% of normal. The stock has declined -17.0% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, CAMT is expected to continue to be an important Value Builder.
Camtek 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. Camtek has a poor Appreciation Score of 18 but a very high Power Rating of 100, 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.
Be the first to comment