Cheetah Mobile Inc (NYSE: CMCM) stock suffered a major decline of -12.6% on 7/5/24. The shares closed at $3.67. However, trading volume in this decline was unusually low at 66% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -12.8% 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Cheetah Mobile has a slightly positive Appreciation Score of 62 and a very high Power Rating of 96, leading to 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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