On 12/14/23, Evotec SE (NASDAQ: EVO) stock enjoyed a major increase of 12.3%, closing at $11.33. Moreover, exceptionally high trading volume at 225% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 13.4% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to fall short of the cost of capital, EVO is expected to be a modest Value Eraser.
Evotec SE has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Evotec SE has a good Appreciation Score of 76 but a slightly negative Power Rating of 32, and the Neutral Value Trend Rating results.
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.
Be the first to comment