Electromed Inc (NYSEAMERICAN: ELMD) stock closed at $14.17 on 5/28/24 after a major decline of -14.9%. Moreover, this decline was accompanied by exceptionally high trading volume at 472% of normal. The stock has declined -13.5% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
ELMD is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Electromed 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. Electromed has a very low Appreciation Score of 10 but a very high Power Rating of 88, leading to the Neutral Value Trend Rating.
Rating Review
In light of this highly negative 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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