QuidelOrtho Corporation (NASDAQ: QDEL). Notable negative changes in fundamentals have recently occurred: the consensus estimate for December, 2024 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2025 decreased significantly.
Significant negative changes in investment behavior have recently occurred for QuidelOrtho Corporation (NASDAQ: QDEL): negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of F. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
QDEL’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to be Value Creation neutral.
QuidelOrtho has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. QuidelOrtho has a neutral Appreciation Score of 58 but a very low Power Rating of 2, with the Lowest Value Trend Rating the result.
Recent Price Action
QuidelOrtho Corporation (NASDAQ: QDEL) stock closed at $48.38 on 3/19/24 after a modest decline of -1.3%. However, this decline was accompanied by below average trading volume at 73% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 3.4% during the last week.
Be the first to comment