OraSure Technologies Inc (NASDAQ: OSUR) has recently experienced extremely important negative changes in investment behavior: negative upside/downside volume developed, and the stock fell on very heavy volume.
Notable negative changes in fundamentals have recently occurred for OraSure Technologies Inc (NASDAQ: OSUR): significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, OSUR is expected to continue to be Value Creation neutral.
OraSure Technologies has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. OraSure Technologies has a poor Appreciation Score of 22 but a good Power Rating of 83, producing the Neutral Value Trend Rating.
Recent Price Action
OraSure Technologies Inc (NASDAQ: OSUR) stock declined by -3.3% on 3/15/24. The shares closed at $6.65. Moreover, this decline was accompanied by exceptionally high trading volume at 828% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -8.8% during the last week.
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