QuidelOrtho Corporation (NASDAQ: QDEL). Meaningful negative changes in fundamentals have recently occurred: the consensus estimate for December, 2024 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2025 decreased significantly.
Significant negative changes in investment behavior have recently occurred for QuidelOrtho Corporation (NASDAQ: QDEL): negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, QDEL is expected to be Value Creation neutral.
QuidelOrtho has a current Value Trend Rating of D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. QuidelOrtho has a good Appreciation Score of 74 but a very low Power Rating of 3, triggering the Negative Value Trend Rating.
Recent Price Action
QuidelOrtho Corporation (NASDAQ: QDEL) stock closed at $45.10 on 2/28/24 after a decline of -3.6%. However, below average trading volume at 75% of normal accompanied the decline. The stock has been weak relative to the market over the last nine months and has declined -3.2% during the last week.
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