Pro Dex Inc (NASDAQ: PDEX) stock suffered a major decline of -12.8% on 9/17/24. The shares closed at $24.75. Moreover, this decline was accompanied by exceptionally high trading volume at 480% of normal. The stock has declined -6.6% during the last week but has been strong relative to the market over the last nine months.
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). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Pro Dex has a poor Appreciation Score of 22 but a slightly positive Power Rating of 69, producing the Low Neutral Value Trend Rating.
Rating Review
In light of this highly negative 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