Extremely important positive changes in investment behavior have recently occurred for Saratoga Investment Corp (NYSE: SAR): positive upside/downside volume developed, its shorter term price trend turned up, and the stock rose on very heavy volume.
Saratoga Investment Corp (NYSE: SAR). Minimal positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred.
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
SAR is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Saratoga Investment has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Saratoga Investment has a very high Appreciation Score of 86 but a poor Power Rating of 27, triggering the Neutral Value Trend Rating.
Recent Price Action
Saratoga Investment Corp (NYSE: SAR) stock increased 1.6% on 5/23/24. The shares closed at $23.59. Moreover, this advance was accompanied by exceptionally high trading volume at 285% of normal. Relative to the market the stock has been weak over the last nine months but has risen 0.5% during the last week.
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