ClearPoint Neuro Inc (NASDAQ: CLPT) stock closed at $6.39 on 2/29/24 after a major decline of -17.2%. Moreover, trading volume in this decline was exceptionally high at 965% of normal. The stock has been strong relative to the market over the last nine months but has declined -11.1% during the last week.
Current PriceTarget Research Rating
CLPT’s future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to continue to be a modest Value Eraser.
ClearPoint Neuro has a current Value Trend Rating of D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. ClearPoint Neuro has a very low Appreciation Score of 7 but a neutral Power Rating of 58, 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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