Kingstone Cos Inc (NASDAQ: KINS) stock closed at $3.55 on 2/27/24 after a major increase of 16.4%. Moreover, unusually high trading volume at 170% of normal accompanied the advance. The stock has risen 4.7% 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 below the cost of capital, KINS is expected to continue to be a modest Value Eraser.
Kingstone has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Kingstone has a poor Appreciation Score of 26 but a very high Power Rating of 99, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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