CareDx Inc (NASDAQ: CDNA) stock enjoyed a major increase of 16.4% on 8/16/24. The shares closed at $33.00. Moreover, exceptionally high trading volume at 270% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months and has risen 20.5% 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. CareDx has a very low Appreciation Score of 7 but a very high Power Rating of 97, 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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