Kingstone Cos Inc (NASDAQ: KINS) stock enjoyed a major increase of 14.4% on 3/28/24. The shares closed at $4.45. Moreover, exceptionally high trading volume at 430% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months and has risen 15.6% during the last week.
Current PriceTarget Research Rating
KINS’ future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to continue to be a modest Value Eraser.
Kingstone has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Kingstone has a poor Appreciation Score of 18 but a very high Power Rating of 99, triggering 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.
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