Recent extremely meaningful negative changes in investment behavior have impacted Saga Communications Inc. (NASDAQ: SGA): the stock’s recent price decline challenged its longer term uptrend, its longer term price trend turned down, and negative upside/downside volume developed.
Saga Communications Inc. (NASDAQ: SGA) suffers from marginal negative changes in fundamentals: the stock’s power rating fell below 50.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, SGA is expected to continue to be Value Creation neutral.
Saga Communications has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Saga Communications has a neutral Appreciation Score of 49 and a neutral Power Rating of 49, resulting in the Neutral Value Trend Rating.
Recent Price Action
On 5/15/24, Saga Communications Inc. (NASDAQ: SGA) stock declined slightly by -0.3%, closing at $19.99. Moreover, this decline was accompanied by above average trading volume at 123% of normal. The stock has performed in line with the market over the last nine months and has declined -11.0% during the last week.
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