On 12/8/23, Eneti Inc (NYSE: NETI) stock enjoyed a major increase of 11.4%, closing at $10.94. Moreover, exceptionally high trading volume at 371% of normal accompanied the advance. The stock has risen 0.8% during the last week and has been 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, NETI is expected to be Value Creation neutral.
Eneti has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Eneti has a very low Appreciation Score of 12 but a very high Power Rating of 89, with the Neutral Value Trend Rating the result.
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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