China Automotive Systems Inc (NASDAQ: CAAS) stock closed at $4.12 on 7/19/24 after a major increase of 17.4%. Moreover, trading volume in this advance was exceptionally high at 1633% of normal. The stock has been strong relative to the market over the last nine months and has risen 16.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, CAAS is expected to be a Value Builder.
China Automotive Systems has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. China Automotive Systems has a neutral Power Rating of 54 but a very high Appreciation Score of 93, producing 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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