Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for QuidelOrtho Corporation (NASDAQ: QDEL) improved in the last week. QDEL’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
QuidelOrtho Corporation (NASDAQ: QDEL) stock declined modestly by -1.0% on 5/20/24. The stock closed at $42.39. However, this decline was accompanied by below average trading volume at 68% of normal. The stock has been extremely weak relative to the market over the last nine months and has declined -0.5% 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, QDEL is expected to be Value Creation neutral.
QuidelOrtho has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. QuidelOrtho has a very high Appreciation Score of 87 but a very low Power Rating of 0, leading to the Low Neutral Value Trend Rating.
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