Carter Bankshares Inc (NASDAQ: CARE). Exceptional negative changes in fundamentals have recently occurred: the stock’s power rating fell below 50, significant quarterly earnings deceleration occurred, the consensus estimate for December, 2025 decreased significantly, and the consensus estimate for December, 2024 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, CARE is expected to be Value Creation neutral.
Carter Bankshares has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Carter Bankshares has a good Appreciation Score of 70 but a slightly negative Power Rating of 31, triggering the Neutral Value Trend Rating.
Recent Price Action
On 6/7/24, Carter Bankshares Inc (NASDAQ: CARE) stock declined modestly by -1.1%, closing at $12.66. However, this decline was accompanied by below average trading volume at 71% of normal. The stock has performed in line with the market over the last nine months and is unchanged during the last week.
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