Stock Rating Downgrade
The Value Trend Rating for Kolibri Global Energy Inc (NASDAQ: KGEIF) weakened recently from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Kolibri Global Energy Inc (NASDAQ: KGEIF) stock closed at $3.13 on 5/1/24 after a modest decline of -1.6%. However, trading volume in this decline was exceptionally low at 12% of normal. The stock has declined -2.8% during the last week and has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, KGEIF is expected to continue to be a Value Builder.
Kolibri Global Energy has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Kolibri Global Energy has a very high Appreciation Score of 96 but a poor Power Rating of 25, producing the High Neutral Value Trend Rating.
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