On 9/26/24, Camtek Ltd (NASDAQ: CAMT) stock enjoyed a major increase of 12.1%, closing at $85.90. Moreover, this advance was accompanied by exceptionally high trading volume at 218% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 20.1% 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 slightly negative Appreciation Score of 39 but a very high Power Rating of 95, and the Positive Value Trend Rating results.
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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