Stock Rating Upgrade
During the last several trading days the Value Trend Rating for Inogen Inc (NASDAQ: INGN) improved from D to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Inogen Inc (NASDAQ: INGN) stock enjoyed a large increase of 2.1% on 4/8/24. The stock closed at $6.43. However, unusually low trading volume at 56% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months but has declined -20.3% during the last week.
Current PriceTarget Research Rating
INGN is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Inogen has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Inogen has a slightly negative Appreciation Score of 35 and a neutral Power Rating of 58, resulting in the Low Neutral Value Trend Rating.
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