Inogen Inc (NASDAQ: INGN) has benefited from exceptional positive changes in investment behavior: its shorter term price trend turned up, and its longer term price trend turned up.
Recent notable positive changes in fundamentals have benefitted Inogen Inc (NASDAQ: INGN): 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, INGN is expected to continue to be Value Creation neutral.
Inogen has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Inogen has a poor Appreciation Score of 24 but a good Power Rating of 84, resulting in the Neutral Value Trend Rating.
Recent Price Action
Inogen Inc (NASDAQ: INGN) stock declined by -2.6% on 5/10/24. The shares closed at $8.46. Moreover, this decline was accompanied by unusually high trading volume at 151% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 20.3% during the last week.
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