On 11/24/23, QuickLogic Corp (NASDAQ: QUIK) stock enjoyed a major increase of 10.2%, closing at $12.97. The stock has been exceptionally strong relative to the market over the last nine months and has risen 27.3% during the last week.
Current PriceTarget Research Rating
QUIK is expected to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
QuickLogic 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. QuickLogic has a very low Appreciation Score of 8 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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