Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for QuidelOrtho Corporation (NASDAQ: QDEL) improved during the last several trading days. QDEL’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
QuidelOrtho Corporation (NASDAQ: QDEL) stock declined slightly by -0.3% on 1/17/25. The stock closed at $41.74. However, this decline was accompanied by unusually low trading volume at 53% of normal. The stock has declined -9.3% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
QuidelOrtho has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. QuidelOrtho has a very high Appreciation Score of 86 but a neutral Power Rating of 43, producing the Positive Value Trend Rating.
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