Stock Rating Downgrade
The Value Trend Rating for Medallion Financial Corp. (NASDAQ: MFIN) weakened of late from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 8/1/24, Medallion Financial Corp. (NASDAQ: MFIN) stock declined by -3.9%, closing at $7.97. Trading volume in this decline was normal. The stock has been weak relative to the market over the last nine months and has declined -4.1% during the last week.
Current PriceTarget Research Rating
MFIN is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Medallion Financial has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Medallion Financial has a very high Appreciation Score of 95 but a poor Power Rating of 23, producing the High Neutral Value Trend Rating.
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