Affimed NV (NASDAQ: AFMD) stock suffered a major decline of -10.2% on 6/18/24. The shares closed at $6.05. However, trading volume in this decline was exceptionally low at 27% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -1.1% during the last week.
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 D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Affimed has a very low Appreciation Score of 9 but a good Power Rating of 75, with the Negative Value Trend Rating the result.
Rating Review
In light of this highly negative 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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