Stock Rating Upgrade
The Value Trend Rating for RadNet Inc (NASDAQ: RDNT) improved recently from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
RadNet Inc (NASDAQ: RDNT) stock closed at $44.83 on 3/18/24 after a modest gain of 0.9%. Moreover, above average trading volume at 120% of normal accompanied the advance. The stock has declined -3.6% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, RDNT is expected to continue to be a modest Value Builder.
RadNet has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. RadNet has a very low Appreciation Score of 9 but a good Power Rating of 83, leading to the Low Neutral Value Trend Rating.
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