Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for First National Corp/VA (NASDAQ: FXNC) weakened recently. FXNC’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
On 12/22/23, First National Corp/VA (NASDAQ: FXNC) stock declined slightly by -0.7%, closing at $21.29. Moreover, unusually high trading volume at 170% of normal accompanied the decline. The stock has risen 7.6% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
FXNC’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
First National has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. First National has a slightly negative Appreciation Score of 39 but a very high Power Rating of 88, triggering the High Neutral Value Trend Rating.
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