On 3/20/24, Edgio Inc (NASDAQ: EGIO) stock enjoyed a major increase of 26.1%, closing at $8.80. Moreover, this advance was accompanied by exceptionally high trading volume at 431% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 7.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, EGIO is expected to continue to be Value Creation neutral.
Edgio has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Edgio has a very high Appreciation Score of 95 but a poor Power Rating of 17, triggering the 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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