Stock Rating Upgrade
In the last week the Value Trend Rating for Oak Valley Bancorp (NASDAQ: OVLY) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Oak Valley Bancorp (NASDAQ: OVLY) stock closed at $23.18 on 4/12/24 after a modest decline of -2.0%. However, this decline was accompanied by unusually low trading volume at 64% of normal. The stock has declined -1.3% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
OVLY is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Oak Valley Bancorp has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Oak Valley Bancorp has a good Appreciation Score of 81 but a neutral Power Rating of 47, with the Positive Value Trend Rating the result.
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