Extremely significant positive changes in Main Street Capital Corp (NYSE: MAIN) investment behavior have recently occurred. Positive developments: its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, its longer term price trend turned up, and the stock rose on very heavy volume. Negative development: negative upside/downside volume developed.
Recent marginal positive changes in fundamentals have benefitted Main Street Capital Corp (NYSE: MAIN): significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
MAIN is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Main Street Capital has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Main Street Capital has a neutral Appreciation Score of 60 but a good Power Rating of 78, triggering the Positive Value Trend Rating.
Recent Price Action
Main Street Capital Corp (NYSE: MAIN) stock closed at $40.31 on 11/8/23 after a modest gain of 0.4%. The stock has risen 5.7% during the last week and has been strong relative to the market over the last nine months.
Be the first to comment