On 10/9/24, IDT Corp (NYSE: IDT) stock enjoyed a major increase of 21.1%, closing at $46.58. Moreover, this advance was accompanied by exceptionally high trading volume at 690% of normal. The stock has performed in line with the market over the last nine months and has risen 23.5% during the last week.
Current PriceTarget Research Rating
IDT is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
IDT has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. IDT has a poor Appreciation Score of 28 but a neutral Power Rating of 52, and the Negative Value Trend Rating results.
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.
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