Edgio Inc (NASDAQ: EGIO) stock enjoyed a major increase of 18.4% on 8/22/24. The shares closed at $9.89. Moreover, exceptionally high trading volume at 368% of normal accompanied the advance. Relative to the market the stock has been extremely weak over the last nine months but has risen 10.4% during the last week.
Current PriceTarget Research Rating
EGIO’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
Edgio has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Edgio has a very high Appreciation Score of 94 but a poor Power Rating of 17, resulting in 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.
Be the first to comment