CareDx Inc (NASDAQ: CDNA) stock enjoyed a major increase of 34.1% on 5/10/24. The shares closed at $14.83. Moreover, trading volume in this advance was exceptionally high at 308% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 60.0% during the last week.
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). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. CareDx has a very low Appreciation Score of 9 but a good Power Rating of 82, with the Low Neutral Value Trend Rating the result.
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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