On 5/16/24, Quipt Home Medical Corp (NASDAQ: QIPT) stock suffered a major decline of -14.4%, closing at $3.40. Moreover, exceptionally high trading volume at 849% of normal accompanied the decline. Relative to the market the stock has been extremely weak over the last nine months and has declined -16.5% during the last week.
Current PriceTarget Research Rating
QIPT’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to be Value Creation neutral.
Quipt Home Medical has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Quipt Home Medical has a slightly negative Appreciation Score of 39 and a slightly negative Power Rating of 34, triggering the Negative Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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