Extremely important positive changes in investment behavior have recently occurred for Gladstone Investment Corporation (NASDAQ: GAIN): its shorter term price trend turned up, its longer term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
Gladstone Investment Corporation (NASDAQ: GAIN). Marginal positive changes in fundamentals have recently occurred: 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 above the cost of capital, GAIN is expected to be a modest Value Builder.
Gladstone Investment 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. Gladstone Investment has a neutral Appreciation Score of 52 but a poor Power Rating of 29, triggering the Negative Value Trend Rating.
Recent Price Action
Gladstone Investment Corporation (NASDAQ: GAIN) stock increased 1.4% on 10/1/24. The shares closed at $14.65. Moreover, exceptionally high trading volume at 242% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 6.9% during the last week.
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