On 8/30/24, Baijiayun Group Ltd (NASDAQ: RTC) stock enjoyed a major increase of 16.7%, closing at $7.13. However, unusually low trading volume at 50% of normal accompanied the advance. Relative to the market the stock has been extremely weak over the last nine months and has declined -12.4% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, RTC is expected to be Value Creation neutral.
Baijiayun Group has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Baijiayun Group has a very low Power Rating of 12 and a very low Appreciation Score of 2, producing the Lowest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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