Inogen Inc (NASDAQ: INGN) stock closed at $7.72 on 4/9/24 after a major increase of 20.1%. Moreover, this advance was accompanied by above average trading volume at 137% of normal. The stock has risen 2.4% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, INGN is expected to continue to be Value Creation neutral.
Inogen 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 consistent signals. Inogen has a slightly negative Appreciation Score of 35 and a neutral Power Rating of 58, leading to the Low 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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