Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for NETGEAR Inc (NASDAQ: NTGR) weakened of late. NTGR’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
NETGEAR Inc (NASDAQ: NTGR) stock closed at $21.94 on 9/13/24 after a very large increase of 5.3%. Moreover, trading volume in this advance was exceptionally high at 395% of normal. The stock has risen 36.5% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
NTGR’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.
NETGEAR has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. NETGEAR has a poor Appreciation Score of 28 but a neutral Power Rating of 54, resulting in the Negative Value Trend Rating.
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