Surmodics Inc (NASDAQ: SRDX) stock enjoyed a major increase of 19.9% on 5/29/24. The shares closed at $42.10. Moreover, trading volume in this advance was exceptionally high at 2036% of normal. Relative to the market the stock has been weak over the last nine months but has risen 20.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, SRDX is expected to continue to be Value Creation neutral.
Surmodics has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Surmodics has a neutral Power Rating of 42 but a very low Appreciation Score of 6, resulting in the Lowest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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