EDAP TMS SA (NASDAQ: EDAP). Extremely significant negative changes in investment behavior have recently occurred: 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 negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of F. We would continue to view the shares with caution 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, EDAP is expected to be Value Creation neutral.
EDAP TMS has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. EDAP TMS has a slightly negative Power Rating of 40 and a very low Appreciation Score of 6, resulting in the Lowest Value Trend Rating.
Recent Price Action
EDAP TMS SA (NASDAQ: EDAP) stock declined by -3.5% on 5/21/24. The shares closed at $6.01. Moreover, this decline was accompanied by exceptionally high trading volume at 347% of normal. The stock has declined -15.4% during the last week and has performed in line with the market over the last nine months.
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