On 9/5/24, QuidelOrtho Corporation (NASDAQ: QDEL) stock enjoyed a major increase of 10.3%, closing at $44.50. This advance was accompanied by normal trading volume. Relative to the market the stock has been extremely weak over the last nine months but is unchanged during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, QDEL is expected to be Value Creation neutral.
QuidelOrtho has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. QuidelOrtho has a very high Appreciation Score of 86 but a very low Power Rating of 1, resulting in the Low 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.
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