1st Source Corp (NASDAQ: SRCE) has benefited from exceptional positive changes in investment behavior: positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
Recent moderate positive changes in fundamentals have benefitted 1st Source Corp (NASDAQ: SRCE). Positive developments: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred. Negative development: the stock’s power rating fell below 50.
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
SRCE is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
1st Source has a current Value Trend Rating of C (Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. 1st Source has a slightly positive Appreciation Score of 70 and a neutral Power Rating of 43, resulting in the Neutral Value Trend Rating.
Recent Price Action
On 6/28/24, 1st Source Corp (NASDAQ: SRCE) stock enjoyed a large increase of 3.4%, closing at $53.62. Moreover, this advance was accompanied by exceptionally high trading volume at 832% of normal. The stock has risen 7.5% during the last week and has performed in line with the market over the last nine months.
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