HUTCHMED (China) Limited (NASDAQ: HCM) stock closed at $20.22 on 8/6/24 after a major increase of 10.9%. Moreover, above average trading volume at 127% of normal accompanied the advance. The stock has risen 10.6% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
HCM’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.
HUTCHMED (China) Limited has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. HUTCHMED (China) Limited has a very low Appreciation Score of 7 but a slightly positive Power Rating of 69, leading to the Negative Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
Be the first to comment