Intevac Inc (NASDAQ: IVAC) has recently experienced extremely important negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and negative upside/downside volume developed.
Notable negative changes in fundamentals have recently occurred for Intevac Inc (NASDAQ: IVAC): the stock’s power rating fell below 50, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to 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 in line with the cost of capital, IVAC is expected to continue to be Value Creation neutral.
Intevac 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 inconsistent signals. Intevac has a neutral Power Rating of 49 but a poor Appreciation Score of 28, triggering the Negative Value Trend Rating.
Recent Price Action
On 7/5/24, Intevac Inc (NASDAQ: IVAC) stock declined modestly by -1.3%, closing at $3.75. However, exceptionally low trading volume at 40% of normal accompanied the decline. The stock has declined -9.6% during the last week and has performed in line with the market over the last nine months.
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