Oxford Lane Capital Corp (NASDAQ: OXLC). Extremely significant negative changes in investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, and negative upside/downside volume developed.
Recent notable negative changes in fundamentals have affected Oxford Lane Capital Corp (NASDAQ: OXLC). Negative developments: the stock’s power rating fell below 50, the consensus estimate for March, 2023 decreased significantly, and the consensus estimate for March, 2024 decreased significantly. Positive development: significant quarterly earnings acceleration occurred.
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
OXLC is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Oxford Lane Capital has a current Value Trend Rating of C (Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Oxford Lane Capital has a neutral Appreciation Score of 58 and a neutral Power Rating of 41, triggering the Neutral Value Trend Rating.
Recent Price Action
On 3/15/24, Oxford Lane Capital Corp (NASDAQ: OXLC) stock rose modestly by 0.6%, closing at $5.06. However, trading volume in this advance was unusually low at 56% of normal. The stock has performed in line with the market over the last nine months and has declined -3.4% during the last week.
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