Alert: Rating Downgrade (12/1/23)-Pro Dex Inc (NASDAQ: PDEX).


Stock Rating Downgrade

Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Pro Dex Inc (NASDAQ: PDEX) weakened in the last week. PDEX’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.


Recent Price Action

On 12/1/23, Pro Dex Inc (NASDAQ: PDEX) stock increased 1.1%, closing at $16.34. Moreover, above average trading volume at 146% of normal accompanied the advance. The stock has declined -4.9% during the last week and has performed in line with the market over the last nine months.

Current PriceTarget Research Rating

PDEX is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.

Pro Dex has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Pro Dex has a neutral Power Rating of 45 but a poor Appreciation Score of 25, producing the Negative Value Trend Rating.

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