Stock Rating Upgrade
The Value Trend Rating for Xencor Inc (NASDAQ: XNCR) improved during the last several trading days from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Xencor Inc (NASDAQ: XNCR) stock closed at $21.74 on 6/7/24 after a slight decline of -0.8%. However, below average trading volume at 71% of normal accompanied the decline. The stock has declined -9.0% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, XNCR is expected to continue to be Value Creation neutral.
Xencor has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Xencor has a poor Appreciation Score of 19 but a slightly positive Power Rating of 69, and the Low Neutral Value Trend Rating results.
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