Recent exceptional positive changes in investment behavior have benefitted Mexco Energy Corp (NYSEAMERICAN: MXC): positive upside/downside volume developed, its longer term price trend turned up, and the stock rose on very heavy volume.
Modest positive changes in fundamentals have recently occurred for Mexco Energy Corp (NYSEAMERICAN: MXC). Positive developments: significant quarterly earnings acceleration occurred, and the stock’s power rating rose above 70. Negative development: significant quarterly sales deceleration 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
Reflecting future returns on capital that are forecasted to be above the cost of capital, MXC is expected to continue to be a Value Builder.
Mexco Energy has a current Value Trend Rating of C (Low Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Mexco Energy has a poor Appreciation Score of 24 but a good Power Rating of 71, and the Low Neutral Value Trend Rating results.
Recent Price Action
On 8/21/24, Mexco Energy Corp (NYSEAMERICAN: MXC) stock rose modestly by 0.8%, closing at $13.06. Moreover, trading volume in this advance was exceptionally high at 1251% of normal. The stock has been strong relative to the market over the last nine months and has risen 13.5% during the last week.
Be the first to comment