Alert: Negative Investment/Fundamental Signals (8/13/24)-Surmodics Inc (NASDAQ: SRDX)

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Surmodics Inc (NASDAQ: SRDX). Extremely significant negative changes in investment behavior have recently occurred: negative upside/downside volume developed, its shorter term price trend turned down, and the stock fell on very heavy volume.

Marginal negative changes in Surmodics Inc (NASDAQ: SRDX) fundamentals have recently occurred: 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.

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Current PriceTarget Research Rating

With future capital returns forecasted to be in line with the cost of capital, SRDX is expected to continue to be Value Creation neutral.

Surmodics 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 very contradictory signals. Surmodics has a very low Appreciation Score of 6 but a good Power Rating of 75, with the Negative Value Trend Rating the result.

Recent Price Action

Surmodics Inc (NASDAQ: SRDX) stock closed at $40.02 on 8/13/24 after a decline of -2.5%. Moreover, this decline was accompanied by exceptionally high trading volume at 271% of normal. Relative to the market the stock has been strong over the last nine months but has declined -2.4% during the last week.

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