RadNet Inc (NASDAQ: RDNT) stock closed at $44.35 on 3/1/24 after a major increase of 17.1%. Moreover, trading volume in this advance was exceptionally high at 502% of normal. The stock has risen 13.9% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, RDNT is expected to continue to be a modest Value Builder.
RadNet has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. RadNet has a very low Appreciation Score of 9 but a good Power Rating of 83, with the Low Neutral Value Trend Rating the result.
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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