CareDx Inc (NASDAQ: CDNA) stock closed at $9.18 on 5/1/24 after a major increase of 18.3%. Moreover, this advance was accompanied by exceptionally high trading volume at 309% of normal. Relative to the market the stock has been strong over the last nine months and has risen 11.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, CDNA is expected to be Value Creation neutral.
CareDx has a current Value Trend Rating of C (Low Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. CareDx has a poor Appreciation Score of 19 but a good Power Rating of 77, and the Low Neutral Value Trend Rating results.
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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