On 8/1/24, CareDx Inc (NASDAQ: CDNA) stock enjoyed a major increase of 18.0%, closing at $23.58. Moreover, this advance was accompanied by exceptionally high trading volume at 562% of normal. The stock has risen 28.0% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, CDNA is expected to be Value Creation neutral.
CareDx has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. CareDx has a very low Appreciation Score of 7 but a very high Power Rating of 94, triggering 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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