Extremely important positive changes in investment behavior have recently occurred for Precision Optics Corp Inc (NASDAQ: POCI): its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, positive upside/downside volume developed, and the stock rose on very heavy volume.
In light of these very positive signals we are reviewing our current Overall Rating of F. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be below the cost of capital, POCI is expected to continue to be a Value Eraser.
Precision Optics Corp has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Precision Optics Corp has a poor Power Rating of 28 and a very low Appreciation Score of 14, triggering the Lowest Value Trend Rating.
Recent Price Action
Precision Optics Corp Inc (NASDAQ: POCI) stock closed at $6.08 on 5/9/24 after a very large increase of 6.4%. Moreover, this advance was accompanied by exceptionally high trading volume at 950% of normal. Relative to the market the stock has been weak over the last nine months but has risen 7.6% during the last week.
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