On 10/24/24, Materialise NV (NASDAQ: MTLS) stock enjoyed a major increase of 18.3%, closing at $6.02. Moreover, this advance was accompanied by exceptionally high trading volume at 547% of normal. The stock has performed in line with the market over the last nine months and has risen 16.9% during the last week.
Current PriceTarget Research Rating
MTLS’ 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.
Materialise has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Materialise has a neutral Appreciation Score of 41 and a neutral Power Rating of 51, and the Low Neutral Value Trend Rating results.
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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