On 11/6/24, Cable One Inc (NYSE: CABO) stock enjoyed a major increase of 11.4%, closing at $417.45. Moreover, trading volume in this advance was exceptionally high at 258% of normal. The stock has risen 23.5% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, CABO is expected to continue to be an important Value Builder.
Cable One has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Cable One has a slightly positive Appreciation Score of 64 but a very low Power Rating of 15, triggering 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.
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