QuidelOrtho Corporation (NASDAQ: QDEL) stock closed at $42.15 on 4/2/24 after a major decline of -10.3%. Moreover, exceptionally high trading volume at 203% of normal accompanied the decline. Relative to the market the stock has been extremely weak over the last nine months and has declined -9.9% during the last week.
Current PriceTarget Research Rating
QDEL is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
QuidelOrtho has a current Value Trend Rating of F (Lowest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. QuidelOrtho has a neutral Appreciation Score of 58 but a very low Power Rating of 1, producing the Lowest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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