Saga Communications Inc. (NASDAQ: SGA) has benefited from extremely meaningful positive changes in investment behavior: its longer term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, positive upside/downside volume developed, its shorter term price trend turned up, and the stock rose on very heavy volume.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
SGA’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.
Saga Communications has a current Value Trend Rating of C (Low Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Saga Communications has a neutral Power Rating of 49 and a neutral Appreciation Score of 42, producing the Low Neutral Value Trend Rating.
Recent Price Action
Saga Communications Inc. (NASDAQ: SGA) stock closed at $25.45 on 12/15/23 after an increase of 1.2%. Moreover, this advance was accompanied by exceptionally high trading volume at 386% of normal. The stock has performed in line with the market over the last nine months and has risen 24.7% during the last week.
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