NETGEAR Inc (NASDAQ: NTGR) stock suffered a major decline of -21.2% on 5/2/24. The shares closed at $11.78. Moreover, exceptionally high trading volume at 729% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -20.1% during the last week.
Current PriceTarget Research Rating
NTGR is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
NETGEAR 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 contradictory signals. NETGEAR has a slightly negative Appreciation Score of 39 but a slightly positive Power Rating of 68, triggering the Neutral Value Trend Rating.
Rating Review
In light of this highly negative 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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