Notable negative changes in fundamentals have recently occurred for Exelixis Inc (NASDAQ: EXEL): the stock’s power rating fell below 50, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
Exelixis Inc (NASDAQ: EXEL) has recently experienced significant negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend.
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 above the cost of capital, EXEL is expected to continue to be a major Value Builder.
Exelixis has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Exelixis has a neutral Appreciation Score of 48 and a neutral Power Rating of 47, and the Low Neutral Value Trend Rating results.
Recent Price Action
On 5/3/24, Exelixis Inc (NASDAQ: EXEL) stock declined slightly by -1.0%, closing at $21.90. This decline was accompanied by normal trading volume. The stock has performed in line with the market over the last nine months and has declined -6.9% during the last week.
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