A stock trading at a price below its intrinsic value is considered to be undervalued. A stock trading at a price above its intrinsic value be overvalued.

The goal of the managers of a publicly owned company should be to maximize the firm's $$

An analyst with a leading investment bank tracks the stock of Mandalays Inc. According to her estimations, the value of Mandalays Inc.$\text{'}$s stock should be $$33\mathrm{.}58$ per share, but Mandalays Inc.$\text{'}$s stock is trading at $$37\mathrm{.}32$ per share on the New York Stock Exchange $($NYSE$).$ Considering the analyst's expectations, the stock is currently:

overvalued

undervalued

in equilibrium