Alert: Major Price Advance (4/4/24)-Edgio Inc (NASDAQ: EGIO).


Edgio Inc (NASDAQ: EGIO) stock enjoyed a major increase of 14.1% on 4/4/24. The shares closed at $12.30. Moreover, trading volume in this advance was exceptionally high at 256% of normal. The stock has been extremely weak relative to the market over the last nine months but has risen 32.0% during the last week.


Current PriceTarget Research Rating

EGIO’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.

Edgio has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Edgio has a very high Appreciation Score of 91 but a poor Power Rating of 16, triggering the Neutral Value Trend Rating.

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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