Recent extremely meaningful positive changes in investment behavior have benefitted Addus HomeCare Corp (NASDAQ: ADUS): positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
Addus HomeCare Corp (NASDAQ: ADUS) has recently enjoyed minimal positive changes in fundamentals: the consensus estimate for December, 2024 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
ADUS is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Addus HomeCare has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Addus HomeCare has a slightly negative Appreciation Score of 38 but a very high Power Rating of 91, resulting in the Positive Value Trend Rating.
Recent Price Action
Addus HomeCare Corp (NASDAQ: ADUS) stock increased 1.7% on 6/28/24. The shares closed at $116.11. Moreover, exceptionally high trading volume at 556% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months but has declined -0.7% during the last week.
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