Recent exceptional positive changes in investment behavior have benefitted Canterbury Park Holding Corp (NASDAQ: CPHC): its longer term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and positive upside/downside volume developed.
Canterbury Park Holding Corp (NASDAQ: CPHC) has benefited from marginal positive changes in fundamentals: significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
CPHC’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to be Value Creation neutral.
Canterbury Park Holding has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Canterbury Park Holding has a slightly negative Power Rating of 37 and a slightly negative Appreciation Score of 34, with the Negative Value Trend Rating the result.
Recent Price Action
On 2/28/24, Canterbury Park Holding Corp (NASDAQ: CPHC) stock declined by -3.0%, closing at $23.88. Moreover, above average trading volume at 140% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has risen 12.1% during the last week.
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