Stock Rating Downgrade
The Value Trend Rating for Pro Dex Inc (NASDAQ: PDEX) weakened recently from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Pro Dex Inc (NASDAQ: PDEX) stock closed at $19.35 on 1/5/24 after a large increase of 4.3%. Moreover, trading volume in this advance was exceptionally high at 253% of normal. The stock has risen 12.2% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, PDEX is expected to continue to be a modest Value Builder.
Pro Dex has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Pro Dex has a neutral Appreciation Score of 43 and a neutral Power Rating of 42, with the Negative Value Trend Rating the result.
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