Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Evotec SE (NASDAQ: EVO) weakened of late. EVO'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 3/1/24, Evotec SE (NASDAQ: EVO) stock increased 1.8%, closing at $7.53. Moreover, trading volume in this advance was exceptionally high at 210% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 1.2% during the last week.
Current PriceTarget Research Rating
EVO's future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Evotec SE has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR's two proprietary measures of a stock's attractiveness. Evotec SE has a neutral Appreciation Score of 54 but a poor Power Rating of 27, with the Negative Value Trend Rating the result.