On 8/29/24, Noah Holdings Limited (NYSE: NOAH) stock enjoyed a major increase of 14.7%, closing at $8.41. Moreover, trading volume in this advance was exceptionally high at 321% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 7.5% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, NOAH is expected to continue to be a Value Builder.
Noah Holdings Limited has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Noah Holdings Limited has a very high Appreciation Score of 94 but a poor Power Rating of 19, leading to the High Neutral Value Trend Rating.
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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