Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Energy Services of America Corp (NASDAQ: ESOA) weakened during the last several trading days. ESOA’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
On 8/16/24, Energy Services of America Corp (NASDAQ: ESOA) stock increased 1.9%, closing at $9.18. NORMAL trading volume accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months and has risen 33.4% during the last week.
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 C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Energy Services of America has a poor Appreciation Score of 28 but a very high Power Rating of 92, triggering the High Neutral Value Trend Rating.
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