Stock Rating Upgrade
The Value Trend Rating for Pro Dex Inc (NASDAQ: PDEX) improved of late from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 5/3/24, Pro Dex Inc (NASDAQ: PDEX) stock rose slightly by 0.2%, closing at $18.25. Moreover, exceptionally high trading volume at 318% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months but has declined -1.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, PDEX is expected to continue to be a modest Value Builder.
Pro Dex has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Pro Dex has a neutral Power Rating of 49 and a neutral Appreciation Score of 40, leading to the Low Neutral Value Trend Rating.
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