Yiren Digital Ltd (NYSE: YRD) stock enjoyed a major increase of 15.1% on 1/2/24. The shares closed at $3.59. Moreover, this advance was accompanied by exceptionally high trading volume at 363% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 18.1% during the last week.
Current PriceTarget Research Rating
YRD’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Yiren Digital has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Yiren Digital has a very high Power Rating of 85 and a very high Appreciation Score of 94, resulting in 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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