Extremely important negative changes in investment behavior have recently occurred for MGE Energy Inc (NASDAQ: MGEE): the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, the stock fell on very heavy volume, and negative upside/downside volume developed.
MGE Energy Inc (NASDAQ: MGEE). Slight negative changes in fundamentals have recently occurred: the consensus estimate for December, 2024 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
MGE Energy has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. MGE Energy has a slightly negative Appreciation Score of 34 but a good Power Rating of 82, triggering the High Neutral Value Trend Rating.
Recent Price Action
On 1/22/25, MGE Energy Inc (NASDAQ: MGEE) stock suffered a large decline of -6.9%, closing at $87.70. Moreover, trading volume in this decline was exceptionally high at 384% of normal. Relative to the market the stock has been strong over the last nine months but has declined -2.0% during the last week.
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