Edgio Inc (NASDAQ: EGIO) stock closed at $10.07 on 7/24/24 after a major decline of -10.4%. NORMAL trading volume accompanied the decline. The stock has declined -14.7% during the last week and has been extremely weak relative to the market over the last nine months.
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 (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Edgio has a very high Appreciation Score of 91 but a poor Power Rating of 22, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this highly negative 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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