Saga Communications Inc. (NASDAQ: SGA) stock closed at $22.85 on 12/8/23 after a major increase of 12.0%. Moreover, trading volume in this advance was exceptionally high at 245% of normal. The stock has performed in line with the market over the last nine months and has risen 13.5% during the last week.
Current PriceTarget Research Rating
SGA is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Saga Communications has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Saga Communications has a neutral Appreciation Score of 46 and a neutral Power Rating of 45, producing the Low Neutral Value Trend Rating.
Rating Review
In light of this very positive 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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