Kingstone Cos Inc (NASDAQ: KINS) stock enjoyed a major increase of 21.3% on 7/22/24. The shares closed at $5.87. Moreover, exceptionally high trading volume at 655% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 21.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be below the cost of capital, KINS is expected to continue to be a modest Value Eraser.
Kingstone 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 very contradictory signals. Kingstone has a very low Appreciation Score of 13 but a very high Power Rating of 99, with the Neutral Value Trend Rating the result.
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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