Medallion Financial Corp. (NASDAQ: MFIN). Extremely significant positive changes in investment behavior have recently occurred: its longer term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and positive upside/downside volume developed.
Medallion Financial Corp. (NASDAQ: MFIN) has recently enjoyed important positive changes in fundamentals: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
MFIN is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Medallion Financial has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Medallion Financial has a very high Appreciation Score of 96 but a neutral Power Rating of 41, with the Positive Value Trend Rating the result.
Recent Price Action
Medallion Financial Corp. (NASDAQ: MFIN) stock enjoyed a large increase of 4.5% on 7/2/24. The stock closed at $8.40. This advance was accompanied by normal trading volume. The stock has been weak relative to the market over the last nine months but has risen 14.4% during the last week.
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