Stock Rating Downgrade
The Value Trend Rating for CareDx Inc (NASDAQ: CDNA) weakened in the last week 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
CareDx Inc (NASDAQ: CDNA) stock closed at $9.89 on 3/18/24 after a decline of -2.5%. However, unusually low trading volume at 58% of normal accompanied the decline. The stock has declined -16.1% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
CDNA is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
CareDx 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. CareDx has a very low Appreciation Score of 10 but a good Power Rating of 74, producing the Negative Value Trend Rating.
Be the first to comment