Quipt Home Medical Corp (NASDAQ: QIPT). Notable negative changes in fundamentals have recently occurred: the consensus estimate for September, 2023 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for September, 2024 decreased significantly.
Recent exceptional negative changes in investment behavior have affected Quipt Home Medical Corp (NASDAQ: QIPT): negative upside/downside volume developed, and the stock fell on very heavy volume.
In light of these highly negative signals we are reviewing our current Overall Rating of F. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, QIPT is expected to be Value Creation neutral.
Quipt Home Medical has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Quipt Home Medical has a slightly negative Power Rating of 36 and a poor Appreciation Score of 22, with the Lowest Value Trend Rating the result.
Recent Price Action
On 12/15/23, Quipt Home Medical Corp (NASDAQ: QIPT) stock declined by -2.0%, closing at $4.34. Moreover, this decline was accompanied by exceptionally high trading volume at 311% of normal. The stock has declined -6.5% during the last week and has been weak relative to the market over the last nine months.
Be the first to comment