Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Proto Labs Inc (NYSE: PRLB) weakened of late. PRLB’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
On 8/9/24, Proto Labs Inc (NYSE: PRLB) stock declined slightly by -0.2%, closing at $28.32. Moreover, exceptionally high trading volume at 226% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -15.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, PRLB is expected to be a modest Value Builder.
Proto Labs 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 inconsistent signals. Proto Labs has a neutral Appreciation Score of 47 but a poor Power Rating of 23, triggering the Negative Value Trend Rating.
Be the first to comment