Product and Intrinsic Value: Mexco Energy Corporation (MXC) is an independent oil and gas company that engages in the acquisition, exploration, development, and production of natural gas and crude oil1. The company owns partial interests in wells located in various states across the United States1.
Current Stock Price: As of the most recent data, MXC's stock is trading at $11.402. The company's enterprise value as of June 30, 2024, is reported to be $24.79 million3.
Predicted Price Targets:
- Three Months: The average price target for MXC in the next three months is not available4.
- One Year: The average price target for MXC in the next year is also not available5.
Analysis and Conclusion: The lack of specific price target data does not allow for a precise prediction of MXC's future stock prices. However, the company's intrinsic value, enterprise value, and current stock price provide a basis for general analysis:
- Intrinsic Value: MXC's intrinsic value is not currently available, which prevents a precise calculation of its per-share value3.
- Enterprise Value: The company's enterprise value as of June 30, 2024, is $24.79 million3. This figure represents the total value of the company, including its debt and equity, and can be used to gauge its size and potential for growth.
- Stock Price: MXC's stock is trading at $11.402, which is below its 52-week high of $16.52 and above its 52-week low of $9.022. This suggests that the stock is currently undervalued relative to its historical trading range.
- Market Indicators: The company's stock price fell by 1.89% on the last day of trading before the price target was provided6. This indicates a recent bearish sentiment or market corrections that could influence the stock's future performance.
In summary, while MXC's intrinsic value and enterprise value provide a framework for understanding its business fundamentals, the lack of specific price target data prevents a detailed analysis of its future stock price performance. The company's current stock price, along with market indicators and the results of the latest earnings report, suggest a stable business performance. However, investors should consider the broader market trends and industry-specific factors that could impact the stock's future performance.