Alert: Positive Investment/Fundamental Signals (11/14/23)-First Merchants Corp (NASDAQ: FRME)


Extremely important positive changes in investment behavior have recently occurred for First Merchants Corp (NASDAQ: FRME): the stock rose on very heavy volume, and the stock’s recent price rise disrupted its longer term downtrend.

Important positive changes in First Merchants Corp (NASDAQ: FRME) fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

FRME’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.

First Merchants has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. First Merchants has a good Appreciation Score of 84 but a slightly negative Power Rating of 31, resulting in the High Neutral Value Trend Rating.

Recent Price Action

First Merchants Corp (NASDAQ: FRME) stock closed at $31.28 on 11/14/23 after a very large increase of 7.8%. The stock has risen 6.1% during the last week but has been weak relative to the market over the last nine months.

Be the first to comment

Leave a Reply

Your email address will not be published.