Stock Rating Downgrade
In recent days the Value Trend Rating for NETGEAR Inc (NASDAQ: NTGR) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 8/9/24, NETGEAR Inc (NASDAQ: NTGR) stock declined modestly by -1.1%, closing at $15.19. However, this decline was accompanied by below average trading volume at 76% of normal. The stock has performed in line with the market over the last nine months and has declined -7.5% during the last week.
Current PriceTarget Research Rating
NTGR’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
NETGEAR 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 consistent signals. NETGEAR has a neutral Power Rating of 44 and a slightly negative Appreciation Score of 38, and the Negative Value Trend Rating results.
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