QuickLogic Corp (NASDAQ: QUIK) stock suffered a major decline of -13.3% on 3/19/24. The shares closed at $16.59. Moreover, trading volume in this decline was exceptionally high at 321% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -1.4% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, QUIK is expected to continue to be an important Value Builder.
QuickLogic has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. QuickLogic has a very low Appreciation Score of 5 but a very high Power Rating of 87, producing the Low Neutral Value Trend Rating.
Rating Review
In light of this highly negative 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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