On 11/9/23, CareDx Inc (NASDAQ: CDNA) stock enjoyed a major increase of 13.9%, closing at $7.21. Relative to the market the stock has been extremely weak over the last nine months but has risen 33.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, CDNA is expected to be Value Creation neutral.
CareDx has a current Value Trend Rating of F (Lowest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. CareDx has a neutral Appreciation Score of 41 but a very low Power Rating of 3, resulting in 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.
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