On 6/14/24, Northfield Capital Corp (CVE: NFD.A) stock enjoyed a major increase of 16.3%, closing at $25.00. Moreover, trading volume in this advance was exceptionally high at 2820% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 16.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, NFD.A is expected to continue to be Value Creation neutral.
Northfield Capital has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Northfield Capital has a poor Appreciation Score of 22 and a very low Power Rating of 13, producing the Lowest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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