On 7/16/24, CareDx Inc (NASDAQ: CDNA) stock enjoyed a major increase of 15.1%, closing at $18.57. Moreover, this advance was accompanied by above average trading volume at 129% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 19.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, CDNA is expected to be Value Creation neutral.
CareDx has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. CareDx has a very low Appreciation Score of 9 but a very high Power Rating of 94, with the Neutral Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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