Orthofix Medical Inc (NASDAQ: OFIX) stock closed at $17.44 on 8/6/24 after a major increase of 19.5%. Moreover, trading volume in this advance was exceptionally high at 380% of normal. The stock has risen 9.2% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
OFIX is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Orthofix Medical has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Orthofix Medical has a slightly negative Appreciation Score of 39 and a neutral Power Rating of 59, producing the Neutral Value Trend Rating.
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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