HUTCHMED (China) Limited (NASDAQ: HCM) stock closed at $18.56 on 3/13/24 after a major increase of 13.7%. Moreover, exceptionally high trading volume at 603% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 34.2% during the last week.
Current PriceTarget Research Rating
HCM is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
HUTCHMED (China) Limited has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. HUTCHMED (China) Limited has a very low Appreciation Score of 7 but a good Power Rating of 82, triggering the Negative Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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