Recent exceptional negative changes in investment behavior have affected RadNet Inc (NASDAQ: RDNT): the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and negative upside/downside volume developed.
Recent minimal negative changes in fundamentals have affected RadNet Inc (NASDAQ: RDNT): significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
RadNet has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. RadNet has a poor Appreciation Score of 16 but a very high Power Rating of 93, producing the Neutral Value Trend Rating.
Recent Price Action
RadNet Inc (NASDAQ: RDNT) stock closed at $60.88 on 1/16/25 after a modest decline of -1.4%. Moreover, unusually high trading volume at 153% of normal accompanied the decline. The stock has declined -15.9% during the last week but has been exceptionally strong relative to the market over the last nine months.
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