Electromed Inc (NYSEAMERICAN: ELMD) has benefited from extremely meaningful positive changes in investment behavior: the stock rose on very heavy volume, and positive upside/downside volume developed.
Meaningful positive changes in fundamentals have recently occurred for Electromed Inc (NYSEAMERICAN: ELMD): significant quarterly earnings acceleration occurred, and the stock’s power rating rose above 70.
In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, ELMD is expected to continue to be Value Creation neutral.
Electromed has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Electromed has a very low Appreciation Score of 8 but a good Power Rating of 71, leading to the Negative Value Trend Rating.
Recent Price Action
Electromed Inc (NYSEAMERICAN: ELMD) stock enjoyed a large increase of 4.2% on 3/8/24. The stock closed at $17.19. Moreover, this advance was accompanied by exceptionally high trading volume at 257% of normal. The stock has been strong relative to the market over the last nine months and has risen 13.1% during the last week.
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