Significant negative changes in QuidelOrtho Corporation (NASDAQ: QDEL) fundamentals have recently occurred: the consensus estimate for December, 2024 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2025 decreased significantly.
Significant negative changes in investment behavior have recently occurred for QuidelOrtho Corporation (NASDAQ: QDEL): the stock fell on very heavy volume.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, QDEL is expected to be Value Creation neutral.
QuidelOrtho has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. QuidelOrtho has a very high Appreciation Score of 86 but a very low Power Rating of 1, leading to the Low Neutral Value Trend Rating.
Recent Price Action
QuidelOrtho Corporation (NASDAQ: QDEL) stock closed at $37.32 on 6/13/24 after a large decline of -6.6%. Moreover, this decline was accompanied by exceptionally high trading volume at 213% of normal. The stock has declined -14.3% during the last week and has been extremely weak relative to the market over the last nine months.
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