On 12/26/23, NN Inc (NASDAQ: NNBR) stock enjoyed a major increase of 11.7%, closing at $4.10. Moreover, trading volume in this advance was exceptionally high at 266% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 34.0% during the last week.
Current PriceTarget Research Rating
NNBR’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
NN 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. NN has a slightly negative Appreciation Score of 30 but a very high Power Rating of 96, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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