Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Exelixis Inc (NASDAQ: EXEL) weakened in recent days. EXEL’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Exelixis Inc (NASDAQ: EXEL) stock rose modestly by 0.4% on 12/15/23. The stock closed at $23.41. Moreover, trading volume in this advance was unusually high at 153% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 6.5% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, EXEL is expected to continue to be an important Value Builder.
Exelixis has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Exelixis has a neutral Appreciation Score of 54 but a good Power Rating of 72, and the High Neutral Value Trend Rating results.
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