Axcelis Technologies Inc. (NASDAQ: ACLS) stock closed at $127.13 on 6/5/24 after a major increase of 14.2%. Moreover, exceptionally high trading volume at 249% of normal accompanied the advance. Relative to the market the stock has been extremely weak over the last nine months but has risen 10.2% during the last week.
Current PriceTarget Research Rating
ACLS’ future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Axcelis Technologies 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 inconsistent signals. Axcelis Technologies has a neutral Appreciation Score of 55 but a poor Power Rating of 17, and the Negative Value Trend Rating results.
Rating Review
In light of this very positive 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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