Nevro Corp (NYSE: NVRO) stock closed at $4.83 on 8/7/24 after a major decline of -44.4%. Moreover, this decline was accompanied by exceptionally high trading volume at 785% of normal. The stock has been extremely weak relative to the market over the last nine months and has declined -50.5% during the last week.
Current PriceTarget Research Rating
NVRO is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Nevro has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. Nevro has a slightly negative Appreciation Score of 33 and a very low Power Rating of 4, resulting in the Lowest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
Be the first to comment