Affimed NV (NASDAQ: AFMD) has recently enjoyed extremely meaningful positive changes in investment behavior: its longer term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, positive upside/downside volume developed, and its shorter term price trend turned up.
Marginal positive changes in fundamentals have recently occurred for Affimed NV (NASDAQ: AFMD): the stock’s power rating rose above 70.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, AFMD is expected to be Value Creation neutral.
Affimed has a current Value Trend Rating of C (Low Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Affimed has a very low Appreciation Score of 15 but a good Power Rating of 81, producing the Low Neutral Value Trend Rating.
Recent Price Action
On 6/5/24, Affimed NV (NASDAQ: AFMD) stock declined modestly by -1.2%, closing at $6.60. However, this decline was accompanied by unusually low trading volume at 64% of normal. The stock has risen 62.2% during the last week and has been strong relative to the market over the last nine months.
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