On 8/6/24, Euroseas Ltd (NASDAQ: ESEA) stock enjoyed a major increase of 10.9%, closing at $39.90. Moreover, this advance was accompanied by exceptionally high trading volume at 304% of normal. Relative to the market the stock has been strong over the last nine months and has risen 6.8% during the last week.
Current PriceTarget Research Rating
ESEA’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Euroseas 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. Euroseas has a very high Power Rating of 93 and a very high Appreciation Score of 95, with the Highest Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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