China Automotive Systems Inc (NASDAQ: CAAS) stock closed at $4.08 on 7/30/24 after a major decline of -15.9%. Moreover, trading volume in this decline was exceptionally high at 308% of normal. The stock has declined -9.1% during the last week but has been 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, CAAS is expected to be a Value Builder.
China Automotive Systems has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. China Automotive Systems has a slightly positive Power Rating of 60 and a very high Appreciation Score of 92, leading to the Highest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
Be the first to comment