On 3/25/24, Yiren Digital Ltd (NYSE: YRD) stock suffered a major decline of -12.8%, closing at $4.42. Moreover, trading volume in this decline was exceptionally high at 319% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -16.9% during the last week.
Current PriceTarget Research Rating
YRD is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Yiren Digital has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Yiren Digital has a very high Appreciation Score of 86 and a very high Power Rating of 96, producing the Highest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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