On 3/4/24, Energy Services of America Corp (NASDAQ: ESOA) stock enjoyed a major increase of 11.3%, closing at $8.09. NORMAL trading volume accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months and has risen 6.3% during the last week.
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 B (Positive). 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 slightly negative Appreciation Score of 37 but a very high Power Rating of 98, resulting in the Positive Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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