Universal Stainless & Alloy Prod (NASDAQ: USAP) has recently enjoyed meaningful positive changes in fundamentals: the consensus estimate for December, 2023 increased significantly, significant quarterly sales acceleration occurred, and the consensus estimate for December, 2024 increased significantly.
Recent meaningful positive changes in investment behavior have benefitted Universal Stainless & Alloy Prod (NASDAQ: USAP): the stock’s recent price rise disrupted its longer term downtrend.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
USAP is expected to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Universal Stainless & Alloy Prod has a current Value Trend Rating of A (Highest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Universal Stainless & Alloy Prod has a neutral Appreciation Score of 54 but a very high Power Rating of 100, with the Highest Value Trend Rating the result.
Recent Price Action
Universal Stainless & Alloy Prod (NASDAQ: USAP) stock declined modestly by -1.5% on 2/28/24. The stock closed at $20.02. However, this decline was accompanied by exceptionally low trading volume at 39% of normal. The stock has been exceptionally strong relative to the market over the last nine months and is unchanged during the last week.
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