On 11/4/24, Proto Labs Inc (NYSE: PRLB) stock suffered a major decline of -10.9%, closing at $33.86. Moreover, this decline was accompanied by exceptionally high trading volume at 297% of normal. The stock has been weak relative to the market over the last nine months but has risen 26.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, PRLB is expected to be a modest Value Builder.
Proto Labs has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Proto Labs has a slightly negative Appreciation Score of 39 and a poor Power Rating of 30, with the Negative Value Trend Rating the result.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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