Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for QuidelOrtho Corporation (NASDAQ: QDEL) weakened in the last week. QDEL’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
QuidelOrtho Corporation (NASDAQ: QDEL) stock increased 1.3% on 5/24/24. The shares closed at $42.40. Trading volume in this advance was normal. The stock has been extremely weak relative to the market over the last nine months and has declined -3.6% 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 D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. QuidelOrtho has a very high Appreciation Score of 86 but a very low Power Rating of 0, with the Negative Value Trend Rating the result.
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