Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Pro Dex Inc (NASDAQ: PDEX) improved during the last several trading days. PDEX’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
Pro Dex Inc (NASDAQ: PDEX) stock declined modestly by -1.6% on 8/9/24. The stock closed at $19.32. However, unusually low trading volume at 58% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -4.9% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, PDEX is expected to continue to be a modest Value Builder.
Pro Dex has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Pro Dex has a slightly negative Appreciation Score of 38 and a neutral Power Rating of 54, producing the Low Neutral Value Trend Rating.
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