Prothena Corp Plc (NASDAQ: PRTA) stock closed at $17.59 on 10/28/24 after a major increase of 15.0%. Moreover, trading volume in this advance was exceptionally high at 235% of normal. The stock has been weak relative to the market over the last nine months but has risen 2.8% during the last week.
Current PriceTarget Research Rating
PRTA is expected to continue to be a modest Value Eraser reflecting capital returns that are forecasted to be below the cost of capital.
Prothena 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. Prothena has a neutral Appreciation Score of 46 but a very low Power Rating of 5, with the Lowest Value Trend Rating the result.
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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