Alert: Major Price Decline (5/24/24)-Affimed NV (NASDAQ: AFMD).

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Affimed NV (NASDAQ: AFMD) stock suffered a major decline of -11.0% on 5/24/24. The shares closed at $4.19. Moreover, this decline was accompanied by exceptionally high trading volume at 227% of normal. The stock has been strong relative to the market over the last nine months but has declined -23.0% during the last week.

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Current PriceTarget Research Rating

With future capital returns forecasted to be in line with the cost of capital, AFMD is expected to be Value Creation neutral.

Affimed has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Affimed has a poor Appreciation Score of 15 but a good Power Rating of 82, leading to the Neutral Value Trend Rating.

Rating Review

In light of this highly negative 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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