Stock Rating Upgrade
The Value Trend Rating for Omnicell Inc (NASDAQ: OMCL) rose significantly recently from F to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 6/7/24, Omnicell Inc (NASDAQ: OMCL) stock declined slightly by -0.7%, closing at $29.72. However, this decline was accompanied by below average trading volume at 72% of normal. Relative to the market the stock has been extremely weak over the last nine months and has declined -9.0% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, OMCL is expected to continue to be a modest Value Builder.
Omnicell has a current Value Trend Rating of C (Low Neutral). This VT Rating improved modestly in recent days from F previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Omnicell has a neutral Appreciation Score of 56 and a slightly negative Power Rating of 34, producing the Low Neutral Value Trend Rating.
Be the first to comment