On 7/31/24, Camtek Ltd (NASDAQ: CAMT) stock enjoyed a major increase of 11.6%, closing at $105.00. Moreover, this advance was accompanied by unusually high trading volume at 198% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -9.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, CAMT is expected to continue to be an important Value Builder.
Camtek has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Camtek has a poor Appreciation Score of 25 but a very high Power Rating of 100, resulting in the Positive Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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