Stock Rating Upgrade
The Value Trend Rating for Nicholas Financial Inc (NASDAQ: NICK) improved in recent days from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 5/1/24, Nicholas Financial Inc (NASDAQ: NICK) stock enjoyed a large increase of 4.2%, closing at $6.71. However, trading volume in this advance was exceptionally low at 7% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 5.1% during the last week.
Current PriceTarget Research Rating
NICK’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
Nicholas Financial has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Nicholas Financial has a slightly negative Appreciation Score of 36 but a very high Power Rating of 94, and the Positive Value Trend Rating results.
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