Plumas Bancorp (NASDAQ: PLBC) has recently enjoyed extremely important positive changes in investment behavior: its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, positive upside/downside volume developed, and the stock rose on very heavy volume.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
PLBC’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Plumas Bancorp has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Plumas Bancorp has a slightly positive Appreciation Score of 66 but a poor Power Rating of 27, with the Low Neutral Value Trend Rating the result.
Recent Price Action
On 7/16/24, Plumas Bancorp (NASDAQ: PLBC) stock enjoyed a large increase of 3.4%, closing at $40.45. Moreover, this advance was accompanied by exceptionally high trading volume at 359% of normal. The stock has risen 17.1% during the last week but has been weak relative to the market over the last nine months.
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