Stock Rating Upgrade
The Value Trend Rating for Mesoblast Ltd (NASDAQ: MESO) improved during the last several trading days from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Mesoblast Ltd (NASDAQ: MESO) stock closed at $6.29 on 8/1/24 after a large decline of -7.1%. This decline was accompanied by normal trading volume. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -20.9% during the last week.
Current PriceTarget Research Rating
MESO’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.
Mesoblast has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Mesoblast has a poor Appreciation Score of 29 but a very high Power Rating of 93, resulting in the Positive Value Trend Rating.
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