Extremely significant positive changes in Western New England Bancorp Inc (NASDAQ: WNEB) investment behavior have recently occurred: its longer term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and positive upside/downside volume developed.
Limited positive changes in Western New England Bancorp Inc (NASDAQ: WNEB) fundamentals have recently occurred. Positive developments: significant quarterly sales acceleration occurred, and the stock’s power rating rose above 70. Negative development: the consensus estimate for December, 2024 decreased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, WNEB is expected to continue to be Value Creation neutral.
Western New England Bancorp has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Western New England Bancorp has a slightly negative Appreciation Score of 40 but a good Power Rating of 81, resulting in the High Neutral Value Trend Rating.
Recent Price Action
Western New England Bancorp Inc (NASDAQ: WNEB) stock closed at $8.83 on 1/3/24 after a modest decline of -1.3%. Trading volume in this decline was normal. The stock has risen 2.1% during the last week and has been exceptionally strong relative to the market over the last nine months.
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