Cheetah Mobile Inc (NYSE: CMCM) stock enjoyed a major increase of 10.3% on 5/17/24. The shares closed at $4.59. However, trading volume in this advance was unusually low at 61% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 13.3% during the last week.
Current PriceTarget Research Rating
CMCM’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.
Cheetah Mobile has a current Value Trend Rating of A (Highest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Cheetah Mobile has a neutral Appreciation Score of 54 but a very high Power Rating of 93, with the Highest Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
Be the first to comment