Stock Rating Downgrade
In recent days the Value Trend Rating for Proto Labs Inc (NYSE: PRLB) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Proto Labs Inc (NYSE: PRLB) stock declined slightly by -0.7% on 3/8/24. The stock closed at $37.55. Trading volume in this decline was normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 3.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, PRLB is expected to be a modest Value Builder.
Proto Labs has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Proto Labs has a slightly negative Appreciation Score of 39 but a good Power Rating of 83, with the High Neutral Value Trend Rating the result.
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