Recent extremely meaningful negative changes in investment behavior have impacted Proto Labs Inc (NYSE: PRLB): negative upside/downside volume developed, and the stock fell on very heavy volume.
Proto Labs Inc (NYSE: PRLB) has recently experienced notable negative changes in fundamentals. Negative developments: the stock’s power rating fell below 50, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly. Positive development: significant quarterly earnings acceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, PRLB is expected to be a modest Value Builder.
Proto Labs has a current Value Trend Rating of C (Low Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Proto Labs has a neutral Appreciation Score of 48 and a neutral Power Rating of 40, and the Low Neutral Value Trend Rating results.
Recent Price Action
Proto Labs Inc (NYSE: PRLB) stock declined slightly by -0.1% on 6/21/24. The stock closed at $30.07. Moreover, this decline was accompanied by exceptionally high trading volume at 518% of normal. The stock has performed in line with the market over the last nine months and has declined -5.3% during the last week.
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