ClearPoint Neuro Inc (NASDAQ: CLPT) stock closed at $7.17 on 3/13/24 after a major increase of 18.5%. Moreover, trading volume in this advance was exceptionally high at 441% of normal. The stock has been strong relative to the market over the last nine months and has risen 16.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be below the cost of capital, CLPT is expected to continue to be a modest Value Eraser.
ClearPoint Neuro has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. ClearPoint Neuro has a very low Appreciation Score of 8 but a good Power Rating of 72, triggering the Negative Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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