QuickLogic Corp (NASDAQ: QUIK) stock enjoyed a major increase of 23.3% on 2/28/24. The shares closed at $15.67. Moreover, trading volume in this advance was exceptionally high at 661% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 21.9% during the last week.
Current PriceTarget Research Rating
QUIK’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to be a major Value Builder.
QuickLogic has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. QuickLogic has a very low Appreciation Score of 9 but a very high Power Rating of 95, 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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