Edgio Inc (NASDAQ: EGIO) stock closed at $10.92 on 6/28/24 after a major increase of 10.6%. Moreover, this advance was accompanied by unusually high trading volume at 162% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 7.1% during the last week.
Current PriceTarget Research Rating
EGIO’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
Edgio has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Edgio has a very high Appreciation Score of 90 but a poor Power Rating of 18, leading to the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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