Alert: Major Price Decline (5/8/24)-Caesarstone Ltd (NASDAQ: CSTE).

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Caesarstone Ltd (NASDAQ: CSTE) stock suffered a major decline of -10.1% on 5/8/24. The shares closed at $5.94. Moreover, this decline was accompanied by exceptionally high trading volume at 409% of normal. The stock has been strong relative to the market over the last nine months but has declined -5.9% during the last week.

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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). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Caesarstone has a neutral Appreciation Score of 52 but a good Power Rating of 71, and the High Neutral Value Trend Rating results.

Rating Review

In light of this highly negative 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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