Stock Rating Upgrade
The Value Trend Rating for Natural Grocers by Vitamin Cotta (NYSE: NGVC) improved in recent days from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 12/15/23, Natural Grocers by Vitamin Cotta (NYSE: NGVC) stock declined modestly by -1.7%, closing at $16.31. Moreover, exceptionally high trading volume at 252% of normal accompanied the decline. The stock has declined -2.9% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
NGVC is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Natural Grocers by Vitamin Cotta has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Natural Grocers by Vitamin Cotta has a slightly negative Appreciation Score of 39 but a very high Power Rating of 92, and the Positive Value Trend Rating results.
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