On 5/16/24, Edgio Inc (NASDAQ: EGIO) stock enjoyed a major increase of 10.8%, closing at $10.56. NORMAL trading volume accompanied the advance. Relative to the market the stock has been extremely weak over the last nine months but has risen 16.4% during the last week.
Current PriceTarget Research Rating
EGIO’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.
Edgio has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Edgio has a very high Appreciation Score of 93 but a poor Power Rating of 16, triggering the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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