CareDx Inc (NASDAQ: CDNA) has benefited from exceptional positive changes in investment behavior: its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
Recent small positive changes in fundamentals have benefitted CareDx Inc (NASDAQ: CDNA): the stock’s power rating rose above 70.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are 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 very low Appreciation Score of 14 but a good Power Rating of 77, with the Low Neutral Value Trend Rating the result.
Recent Price Action
On 5/9/24, CareDx Inc (NASDAQ: CDNA) stock enjoyed a very large increase of 8.6%, closing at $11.06. Moreover, exceptionally high trading volume at 238% of normal accompanied the advance. The stock has risen 20.5% during the last week and has been strong relative to the market over the last nine months.
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