Recent notable positive changes in fundamentals have benefitted Oxford Lane Capital Corp (NASDAQ: OXLC): the stock’s power rating rose above 70, the consensus estimate for March, 2024 increased significantly, and significant quarterly earnings acceleration occurred.
Recent notable positive changes in investment behavior have benefitted Oxford Lane Capital Corp (NASDAQ: OXLC): its shorter term price trend turned up.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, OXLC is expected to continue to be a major Value Builder.
Oxford Lane Capital has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Oxford Lane Capital has a good Power Rating of 71 and a good Appreciation Score of 77, producing the Highest Value Trend Rating.
Recent Price Action
Oxford Lane Capital Corp (NASDAQ: OXLC) stock closed at $5.45 on 11/8/24 after an increase of 1.3%. NORMAL trading volume accompanied the advance. The stock has risen 3.6% during the last week and has performed in line with the market over the last nine months.
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