Alert: Positive Investment/Fundamental Signals (12/4/23)-Medallion Financial Corp. (NASDAQ: MFIN)


Recent meaningful positive changes in investment behavior have benefitted Medallion Financial Corp. (NASDAQ: MFIN): the stock’s recent price rise disrupted its longer term downtrend.

Medallion Financial Corp. (NASDAQ: MFIN) has benefited from important positive changes in fundamentals. Positive developments: the consensus estimate for December, 2023 increased significantly, the stock’s power rating rose above 70, significant quarterly sales acceleration occurred, and significant quarterly earnings acceleration occurred. Negative development: the consensus estimate for December, 2024 decreased significantly.

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

With future capital returns forecasted to be above the cost of capital, MFIN is expected to continue to be a modest Value Builder.

Medallion Financial has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Medallion Financial has a good Power Rating of 82 and a good Appreciation Score of 85, triggering the Highest Value Trend Rating.

Recent Price Action

Medallion Financial Corp. (NASDAQ: MFIN) stock closed at $9.57 on 12/4/23 after a slight decline of -0.3%. However, trading volume in this decline was below average at 74% of normal. The stock has risen 1.1% during the last week and has been exceptionally strong relative to the market over the last nine months.

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