Recent extremely meaningful negative changes in investment behavior have impacted Intevac Inc (NASDAQ: IVAC): the stock’s recent price decline challenged its longer term uptrend, and negative upside/downside volume developed.
Intevac Inc (NASDAQ: IVAC) has recently experienced meaningful negative changes in fundamentals: the stock’s power rating fell below 50, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of D. We would continue to 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 in line with the cost of capital, IVAC is expected to continue to be Value Creation neutral.
Intevac has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Intevac has a neutral Power Rating of 44 but a poor Appreciation Score of 28, and the Negative Value Trend Rating results.
Recent Price Action
On 7/19/24, Intevac Inc (NASDAQ: IVAC) stock declined by -3.6%, closing at $3.80. However, exceptionally low trading volume at 19% of normal accompanied the decline. The stock has declined -5.5% during the last week and has performed in line with the market over the last nine months.
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