Stock Rating Upgrade
In the last week the Value Trend Rating for Oxford Lane Capital Corp (NASDAQ: OXLC) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 12/15/23, Oxford Lane Capital Corp (NASDAQ: OXLC) stock declined slightly by -0.2%, closing at $4.83. Moreover, this decline was accompanied by above average trading volume at 138% of normal. The stock has performed in line with the market over the last nine months and has declined -5.1% during the last week.
Current PriceTarget Research Rating
OXLC is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Oxford Lane Capital has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Oxford Lane Capital has a neutral Power Rating of 58 and a slightly positive Appreciation Score of 70, and the Positive Value Trend Rating results.
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