Carter Bankshares Inc (NASDAQ: CARE) stock closed at $20.00 on 11/6/24 after a major increase of 10.9%. Moreover, this advance was accompanied by exceptionally high trading volume at 365% of normal. The stock has risen 8.3% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, CARE is expected to be Value Creation neutral.
Carter Bankshares has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Carter Bankshares has a good Appreciation Score of 75 and a very high Power Rating of 99, producing the Highest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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