Stock Rating Upgrade
The Value Trend Rating for QuidelOrtho Corporation (NASDAQ: QDEL) improved recently from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
QuidelOrtho Corporation (NASDAQ: QDEL) stock declined by -2.1% on 6/7/24. The shares closed at $41.67. However, trading volume in this decline was unusually low at 64% of normal. The stock has been extremely weak relative to the market over the last nine months and has declined -5.7% 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. 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 1, triggering the Low Neutral Value Trend Rating.
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