On 8/13/24, Energy Services of America Corp (NASDAQ: ESOA) stock enjoyed a major increase of 37.4%, closing at $9.19. Moreover, this advance was accompanied by exceptionally high trading volume at 956% of normal. The stock has risen 37.4% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
ESOA’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Energy Services of America has a current Value Trend Rating of B (Positive). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Energy Services of America has a slightly negative Appreciation Score of 40 but a very high Power Rating of 93, leading to the Positive Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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