On 9/30/24, Prothena Corp Plc (NASDAQ: PRTA) stock suffered a major decline of -16.6%, closing at $16.73. Moreover, this decline was accompanied by exceptionally high trading volume at 776% of normal. Relative to the market the stock has been extremely weak over the last nine months and has declined -22.6% during the last week.
Current PriceTarget Research Rating
PRTA is expected to continue to be a modest Value Eraser reflecting capital returns that are forecasted to be below the cost of capital.
Prothena has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Prothena has a neutral Appreciation Score of 41 but a poor Power Rating of 26, producing the Negative Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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