Alert: Major Price Advance (1/13/20)-CareDx Inc (NASDAQ: CDNA).


CareDx Inc (NASDAQ: CDNA) stock enjoyed a major increase of 13.3% on 1/13/20. The shares closed at $22.45. Moreover, trading volume in this advance was unusually high at 174% of normal. The stock has been extremely weak relative to the market over the last nine months but has risen 9.3% during the last week.


Current PriceTarget Research Rating

CDNA is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

CareDx has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. CareDx has a very low Appreciation Score of 8 and a very low Power Rating of 6, triggering the Lowest Value Trend Rating.

Rating Review

In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.

About John Lafferty 79039 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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