Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Proto Labs Inc (NYSE: PRLB) improved during the last several trading days. PRLB’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
Proto Labs Inc (NYSE: PRLB) stock declined modestly by -1.7% on 3/18/24. The stock closed at $33.52. However, this decline was accompanied by unusually low trading volume at 63% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -10.7% during the last week.
Current PriceTarget Research Rating
PRLB’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to be a modest Value Builder.
Proto Labs has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Proto Labs has a neutral Appreciation Score of 42 but a good Power Rating of 84, leading to the Positive Value Trend Rating.
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