Nevro Corp (NYSE: NVRO) stock closed at $6.34 on 8/29/24 after a major increase of 10.1%. However, unusually low trading volume at 60% of normal accompanied the advance. The stock has risen 16.1% during the last week but has been extremely weak relative to the market over the last nine months.
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 inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Nevro has a neutral Appreciation Score of 56 but a very low Power Rating of 3, leading to the Lowest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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