Inogen Inc (NASDAQ: INGN) stock closed at $11.08 on 8/7/24 after a major increase of 36.0%. Moreover, trading volume in this advance was exceptionally high at 646% of normal. The stock has risen 20.7% 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, INGN is expected to continue to be Value Creation neutral.
Inogen has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Inogen has a poor Appreciation Score of 23 but a very high Power Rating of 88, 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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