On 3/1/24, CareDx Inc (NASDAQ: CDNA) stock enjoyed a major increase of 12.9%, closing at $12.01. Moreover, exceptionally high trading volume at 218% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 45.2% during the last week.
Current PriceTarget Research Rating
CDNA’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to be Value Creation neutral.
CareDx has a current Value Trend Rating of C (Low Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. CareDx has a poor Appreciation Score of 19 but a good Power Rating of 71, producing the Low Neutral Value Trend Rating.
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.
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