QuidelOrtho Corporation (NASDAQ: QDEL) suffers from notable negative changes in fundamentals: the consensus estimate for December, 2024 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2025 decreased significantly.
Recent notable negative changes in investment behavior have affected QuidelOrtho Corporation (NASDAQ: QDEL): negative upside/downside volume developed.
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 90 but a very low Power Rating of 0, and the Low Neutral Value Trend Rating results.
Recent Price Action
On 7/3/24, QuidelOrtho Corporation (NASDAQ: QDEL) stock declined modestly by -1.1%, closing at $31.01. Trading volume in this decline was normal. The stock has been extremely weak relative to the market over the last nine months and has declined -5.7% during the last week.
Be the first to comment