Stock Rating Downgrade
The Value Trend Rating for Saga Communications Inc. (NASDAQ: SGA) weakened of late from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Saga Communications Inc. (NASDAQ: SGA) stock closed at $12.73 on 12/13/24 after a large increase of 3.2%. Moreover, this advance was accompanied by unusually high trading volume at 184% of normal. The stock has risen 7.3% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Saga Communications 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 very contradictory signals. Saga Communications has a good Appreciation Score of 79 but a very low Power Rating of 8, leading to the Negative Value Trend Rating.
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