Yiren Digital Ltd (NYSE: YRD) stock closed at $7.30 on 10/1/24 after a major increase of 28.3%. Moreover, trading volume in this advance was exceptionally high at 846% of normal. The stock has performed in line with the market over the last nine months and has risen 61.1% during the last week.
Current PriceTarget Research Rating
YRD’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Yiren Digital has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Yiren Digital has a very high Appreciation Score of 97 but a neutral Power Rating of 45, resulting in the Positive Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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