Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Pro Dex Inc (NASDAQ: PDEX) weakened in recent days. PDEX’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
Pro Dex Inc (NASDAQ: PDEX) stock increased 1.1% on 5/24/24. The shares closed at $19.74. However, trading volume in this advance was exceptionally low at 34% of normal. The stock has been strong relative to the market over the last nine months but has declined -1.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, PDEX is expected to continue to be a modest Value Builder.
Pro Dex has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Pro Dex has a neutral Power Rating of 47 and a slightly negative Appreciation Score of 38, resulting in the Negative Value Trend Rating.
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