Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for HUTCHMED (China) Limited (NASDAQ: HCM) improved during the last several trading days. HCM’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
HUTCHMED (China) Limited (NASDAQ: HCM) stock closed at $17.26 on 8/23/24 after a decline of -3.5%. However, this decline was accompanied by exceptionally low trading volume at 48% of normal. The stock has declined -12.2% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
HCM’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
HUTCHMED (China) Limited has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. HUTCHMED (China) Limited has a very low Appreciation Score of 8 but a good Power Rating of 80, leading to the Low Neutral Value Trend Rating.
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