Cable One Inc (NYSE: CABO) stock enjoyed a major increase of 14.6% on 7/26/24. The shares closed at $395.01. Moreover, exceptionally high trading volume at 204% of normal accompanied the advance. The stock has been extremely weak relative to the market over the last nine months but has risen 8.4% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, CABO is expected to continue to be an important Value Builder.
Cable One has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Cable One has a slightly positive Appreciation Score of 62 but a very low Power Rating of 0, triggering the Negative Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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