Surmodics Inc (NASDAQ: SRDX) stock closed at $33.33 on 5/1/24 after a major increase of 29.7%. Moreover, this advance was accompanied by exceptionally high trading volume at 361% of normal. The stock has risen 23.8% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
SRDX’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
Surmodics has a current Value Trend Rating of F (Lowest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. Surmodics has a slightly negative Power Rating of 39 and a very low Appreciation Score of 8, and the Lowest Value Trend Rating results.
Rating Review
In light of this very positive 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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