QuidelOrtho Corporation (NASDAQ: QDEL) stock closed at $43.75 on 11/8/24 after a major increase of 12.6%. Moreover, exceptionally high trading volume at 372% of normal accompanied the advance. The stock has risen 15.0% during the last week but has been weak relative to the market over the last nine months.
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 (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. QuidelOrtho has a good Appreciation Score of 85 but a poor Power Rating of 27, and the Neutral Value Trend Rating results.
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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