Extremely significant positive changes in Energy Services of America Corp (NASDAQ: ESOA) investment behavior have recently occurred: positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
Energy Services of America Corp (NASDAQ: ESOA) has benefited from slight positive changes in fundamentals: 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
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 C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Energy Services of America has a poor Appreciation Score of 28 but a very high Power Rating of 92, and the High Neutral Value Trend Rating results.
Recent Price Action
Energy Services of America Corp (NASDAQ: ESOA) stock enjoyed a very large increase of 8.0% on 8/20/24. The shares closed at $10.79. Moreover, trading volume in this advance was exceptionally high at 468% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 61.3% during the last week.
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