Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for NV5 Global Inc (NASDAQ: NVEE) weakened recently. NVEE’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
NV5 Global Inc (NASDAQ: NVEE) stock closed at $94.83 on 4/12/24 after a modest decline of -1.4%. However, below average trading volume at 73% of normal accompanied the decline. The stock has declined -1.0% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
NVEE is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
NV5 Global has a current Value Trend Rating of D (Negative). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. NV5 Global has a neutral Appreciation Score of 44 and a neutral Power Rating of 42, and the Negative Value Trend Rating results.
Be the first to comment