Recent extremely meaningful negative changes in investment behavior have impacted Pro Dex Inc (NASDAQ: PDEX): the stock’s recent price decline challenged its longer term uptrend, and its shorter term price trend turned down.
Pro Dex Inc (NASDAQ: PDEX) has recently experienced important negative changes in fundamentals: the stock’s power rating fell below 50, and the consensus estimate for June, 2024 decreased significantly.
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
With future capital returns forecasted to be above the cost of capital, PDEX is expected to continue to be a modest Value Builder.
Pro Dex has a current Value Trend Rating of C (Low Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Pro Dex has a neutral Power Rating of 49 and a slightly negative Appreciation Score of 38, triggering the Low Neutral Value Trend Rating.
Recent Price Action
Pro Dex Inc (NASDAQ: PDEX) stock declined by -4.5% on 7/3/24. The shares closed at $17.13. However, this decline was accompanied by unusually low trading volume at 56% of normal. The stock has declined -7.9% during the last week but has been strong relative to the market over the last nine months.
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