Alico Inc (NASDAQ: ALCO) has recently enjoyed extremely important 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.
Minimal positive changes in fundamentals have recently occurred for Alico Inc (NASDAQ: ALCO): significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, ALCO is expected to continue to be Value Creation neutral.
Alico has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Alico has a neutral Appreciation Score of 41 but a poor Power Rating of 26, leading to the Negative Value Trend Rating.
Recent Price Action
Alico Inc (NASDAQ: ALCO) stock closed at $29.25 on 8/21/24 after a large increase of 3.1%. Moreover, this advance was accompanied by exceptionally high trading volume at 240% of normal. The stock has been weak relative to the market over the last nine months but has risen 7.3% during the last week.
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