On 10/23/24, Mesa Laboratories Inc (NASDAQ: MLAB) stock suffered a major decline of -10.4%, closing at $120.00. Moreover, trading volume in this decline was exceptionally high at 206% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -8.4% during the last week.
Current PriceTarget Research Rating
MLAB is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Mesa Laboratories has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Mesa Laboratories has a very low Appreciation Score of 13 but a good Power Rating of 83, with the Low Neutral Value Trend Rating the result.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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