Proto Labs Inc (NYSE: PRLB). Extremely significant positive changes in investment behavior have recently occurred: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Meaningful positive changes in Proto Labs Inc (NYSE: PRLB) fundamentals have recently occurred: 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 C. 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, PRLB is expected to continue to be Value Creation neutral.
Proto Labs has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Proto Labs has a slightly negative Appreciation Score of 35 but a good Power Rating of 79, triggering the Neutral Value Trend Rating.
Recent Price Action
Proto Labs Inc (NYSE: PRLB) stock closed at $35.90 on 1/3/24 after a large decline of -5.5%. However, this decline was accompanied by unusually low trading volume at 66% of normal. The stock has declined -8.7% during the last week but has been strong relative to the market over the last nine months.
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