STMicroelectronics NV (NYSE: STM) stock closed at $33.47 on 7/25/24 after a major decline of -15.4%. Moreover, trading volume in this decline was exceptionally high at 398% of normal. The stock has declined -18.6% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
STM’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
STMicroelectronics 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. STMicroelectronics has a good Appreciation Score of 82 but a poor Power Rating of 15, leading to the Neutral Value Trend Rating.
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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