On 11/6/24, Caesarstone Ltd (NASDAQ: CSTE) stock enjoyed a major increase of 11.0%, closing at $4.35. Moreover, this advance was accompanied by exceptionally high trading volume at 280% of normal. The stock has performed in line with the market over the last nine months and has risen 3.6% during the last week.
Current PriceTarget Research Rating
CSTE’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.
Caesarstone 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 inconsistent signals. Caesarstone has a good Appreciation Score of 77 but a neutral Power Rating of 48, producing 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.
Be the first to comment