Stock Rating Upgrade
In the last week the Value Trend Rating for NETGEAR Inc (NASDAQ: NTGR) improved from D to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
NETGEAR Inc (NASDAQ: NTGR) stock was unchanged 0.0% on 3/8/24. The shares closed at $14.58. However, this flat performance was accompanied by exceptionally low trading volume at 39% of normal. The stock has been strong relative to the market over the last nine months but has declined -2.7% during the last week.
Current PriceTarget Research Rating
NTGR is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
NETGEAR has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. NETGEAR has a neutral Power Rating of 49 and a neutral Appreciation Score of 41, resulting in the Low Neutral Value Trend Rating.
Be the first to comment