NETGEAR Inc (NASDAQ: NTGR) suffers from exceptional negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, the stock fell on very heavy volume, and its longer term price trend turned down.
Recent significant negative changes in fundamentals have impacted NETGEAR Inc (NASDAQ: NTGR): significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
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
NTGR’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
NETGEAR has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. NETGEAR has a neutral Appreciation Score of 50 and a slightly positive Power Rating of 66, triggering the High Neutral Value Trend Rating.
Recent Price Action
NETGEAR Inc (NASDAQ: NTGR) stock closed at $11.63 on 5/3/24 after a modest decline of -1.3%. Moreover, trading volume in this decline was exceptionally high at 278% of normal. The stock has declined -21.5% during the last week but has been strong relative to the market over the last nine months.
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