Recent exceptional positive changes in investment behavior have benefitted Mexco Energy Corp (NYSEAMERICAN: MXC): its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, positive upside/downside volume developed, and the stock rose on very heavy volume.
Positive development: significant quarterly earnings acceleration occurred. Negative development: significant quarterly sales deceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
MXC’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Mexco Energy has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Mexco Energy has a very high Appreciation Score of 90 but a poor Power Rating of 21, resulting in the Neutral Value Trend Rating.
Recent Price Action
On 4/4/24, Mexco Energy Corp (NYSEAMERICAN: MXC) stock increased 1.4%, closing at $12.69. Moreover, this advance was accompanied by exceptionally high trading volume at 228% of normal. Relative to the market the stock has been weak over the last nine months but has risen 30.2% during the last week.
Be the first to comment