On 3/12/24, NN Inc (NASDAQ: NNBR) stock suffered a major decline of -17.9%, closing at $4.16. Moreover, trading volume in this decline was exceptionally high at 388% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -9.9% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, NNBR is expected to continue to be Value Creation neutral.
NN has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. NN has a poor Appreciation Score of 22 but a very high Power Rating of 99, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this highly negative 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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