Recent extremely meaningful positive changes in investment behavior have benefitted NVE Corp (NASDAQ: NVEC): its longer term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, positive upside/downside volume developed, its shorter term price trend turned up, and the stock rose on very heavy volume.
Positive development: significant quarterly earnings acceleration occurred. Negative development: significant quarterly sales deceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of F. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, NVEC is expected to continue to be a major Value Builder.
NVE has a current Value Trend Rating of F (Lowest Rating). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. NVE has a neutral Power Rating of 45 but a very low Appreciation Score of 9, producing the Lowest Value Trend Rating.
Recent Price Action
NVE Corp (NASDAQ: NVEC) stock increased 1.2% on 7/22/24. The shares closed at $81.97. Moreover, trading volume in this advance was exceptionally high at 289% of normal. The stock has performed in line with the market over the last nine months and has risen 6.3% during the last week.
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