Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Opko Health Inc (NASDAQ: OPK) weakened in the last week. OPK’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
On 7/1/20, Opko Health Inc (NASDAQ: OPK) stock rose modestly by 0.6%, closing at $3.43. Moreover, trading volume in this advance was exceptionally high at 254% of normal. The stock has risen 30.4% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be below the cost of capital, OPK is expected to continue to be a major Value Eraser.
Opko Health has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Opko Health has a poor Appreciation Score of 18 but a very high Power Rating of 90, triggering the High Neutral Value Trend Rating.