Energy Services of America Corp (NASDAQ: ESOA) stock closed at $7.81 on 6/3/24 after a major increase of 15.5%. Moreover, exceptionally high trading volume at 377% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months and has risen 22.8% during the last week.
Current PriceTarget Research Rating
ESOA’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Energy Services of America has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Energy Services of America has a neutral Appreciation Score of 41 but a very high Power Rating of 97, leading to the Positive Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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