On 5/2/24, AtriCure Inc (NASDAQ: ATRC) stock suffered a major decline of -10.3%, closing at $22.22. Moreover, exceptionally high trading volume at 344% of normal accompanied the decline. The stock has been extremely weak relative to the market over the last nine months and has declined -3.6% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, ATRC is expected to continue to be Value Creation neutral.
AtriCure has a current Value Trend Rating of F (Lowest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. AtriCure has a very low Appreciation Score of 13 and a very low Power Rating of 2, producing the Lowest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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