Extremely significant negative changes in POSCO Holdings Inc (NYSE: PKX) investment behavior have recently occurred: negative upside/downside volume developed, and the stock fell on very heavy volume.
Recent meaningful negative changes in fundamentals have affected POSCO Holdings Inc (NYSE: PKX): significant quarterly sales deceleration occurred, and the consensus estimate for December, 2024 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, PKX is expected to continue to be an important Value Builder.
POSCO Holdings has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. POSCO Holdings has a very high Appreciation Score of 95 but a poor Power Rating of 27, leading to the High Neutral Value Trend Rating.
Recent Price Action
POSCO Holdings Inc (NYSE: PKX) stock declined by -2.2% on 10/17/24. The shares closed at $62.29. Moreover, this decline was accompanied by exceptionally high trading volume at 394% of normal. The stock has been weak relative to the market over the last nine months and has declined -9.6% during the last week.
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