Stock Rating Downgrade
The Value Trend Rating for Exelixis Inc (NASDAQ: EXEL) weakened in recent days from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Exelixis Inc (NASDAQ: EXEL) stock closed at $26.97 on 8/9/24 after a slight decline of -0.7%. Moreover, unusually high trading volume at 168% of normal accompanied the decline. The stock has risen 11.4% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
EXEL’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Exelixis has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Exelixis has a neutral Power Rating of 42 and a slightly negative Appreciation Score of 38, and the Negative Value Trend Rating results.
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