Recent exceptional positive changes in investment behavior have benefitted Medallion Financial Corp. (NASDAQ: MFIN): positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Medallion Financial Corp. (NASDAQ: MFIN) has benefited from important positive changes in fundamentals: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
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
Reflecting future returns on capital that are forecasted to exceed the cost of capital, MFIN is expected to continue to be a modest Value Builder.
Medallion Financial 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. Medallion Financial has a very high Appreciation Score of 86 and a very high Power Rating of 88, and the Highest Value Trend Rating results.
Recent Price Action
Medallion Financial Corp. (NASDAQ: MFIN) stock rose slightly by 0.1% on 1/3/24. The stock closed at $9.92. Moreover, this advance was accompanied by unusually high trading volume at 168% of normal. The stock has risen 1.2% during the last week and has been exceptionally strong relative to the market over the last nine months.
Be the first to comment