On 3/19/24, Affimed NV (NASDAQ: AFMD) stock enjoyed a major increase of 12.3%, closing at $5.10. Moreover, this advance was accompanied by above average trading volume at 129% of normal. The stock has declined -5.2% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to fall short of the cost of capital, AFMD is expected to continue to be a modest Value Eraser.
Affimed 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 inconsistent signals. Affimed has a good Appreciation Score of 73 but a neutral Power Rating of 45, producing the High 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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