Credent Global Finance Receives 'Hold' Rating from MarketsMOJO Based on Strong Fundamentals and Positive Growth

Credent Global Finance, a microcap finance company, has recently received an upgraded stock call from MarketsMOJO. The company's stock has been upgraded to 'Hold' on April 24, 2024.
The decision to upgrade the stock to 'Hold' is based on strong long-term fundamental strength, with an average Return on Equity (ROE) of 21.00%. Credent Global Finance has also shown healthy long-term growth, with Net Sales growing at an annual rate of 1,045.30% and Operating profit at 685.81%.

In addition, the company has shown positive results in December 2023, with Net Sales growing at 109.05%. The stock is also technically in a mildly bullish range, with the technical trend improving from sideways on April 23, 2024, and generating a return of -2.82% since then. The Bollinger Band and KST technical factors are also bullish.

Credent Global Finance also has an attractive valuation, with a Price to Book Value of 2.1 and an ROE of 9.5. The stock is currently trading at a fair value compared to its average historical valuations. In the past year, while the stock has generated a return of 24.87%, its profits have risen by 548%, resulting in a PEG ratio of 0.1.

The majority shareholders of Credent Global Finance are non-institutional investors. However, the stock has underperformed the market in the last year, with a return of 24.87% compared to the market's (BSE 500) return of 37.78%.

Overall, with its strong fundamental strength, positive growth, and fair valuation, Credent Global Finance's stock has been upgraded to 'Hold' by MarketsMOJO. However, it is important to note that the stock has underperformed the market in the last year. Investors should carefully consider their options before making any investment decisions.