Alert: Positive Investment/Fundamental Signals (11/10/23)-Proto Labs Inc (NYSE: PRLB)


Proto Labs Inc (NYSE: PRLB) has benefited from extremely meaningful positive changes in investment behavior: the stock’s recent price rise disrupted its longer term downtrend, its longer term price trend turned up, and its shorter term price trend turned up.

Recent meaningful positive changes in fundamentals have benefitted Proto Labs Inc (NYSE: PRLB): the consensus estimate for December, 2024 increased significantly, the consensus estimate for December, 2023 increased significantly, and significant quarterly earnings acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

PRLB’s 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.

Proto Labs has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Proto Labs has a slightly negative Appreciation Score of 35 and a neutral Power Rating of 58, leading to the Low Neutral Value Trend Rating.

Recent Price Action

On 11/10/23, Proto Labs Inc (NYSE: PRLB) stock enjoyed a large increase of 2.2%, closing at $34.58. The stock has performed in line with the market over the last nine months and has risen 42.3% during the last week.

Be the first to comment

Leave a Reply

Your email address will not be published.