Recent exceptional positive changes in investment behavior have benefitted Rand Capital Corp (NASDAQ: RAND): positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and its shorter term price trend turned up.
Recent slight positive changes in fundamentals have benefitted Rand Capital Corp (NASDAQ: RAND): significant quarterly earnings acceleration occurred.
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 fall short of the cost of capital, RAND is expected to be a modest Value Eraser.
Rand Capital has a current Value Trend Rating of C (Low Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Rand Capital has a poor Appreciation Score of 22 but a slightly positive Power Rating of 69, with the Low Neutral Value Trend Rating the result.
Recent Price Action
Rand Capital Corp (NASDAQ: RAND) stock closed at $13.64 on 1/10/24 after a large increase of 2.5%. NORMAL trading volume accompanied the advance. The stock has risen 5.2% during the last week and has been strong relative to the market over the last nine months.
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