Stock Rating Upgrade
The Value Trend Rating for Hennessy Advisors Inc (NASDAQ: HNNA) improved of late 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 7/29/24, Hennessy Advisors Inc (NASDAQ: HNNA) stock declined modestly by -1.3%, closing at $8.05. However, this decline was accompanied by unusually low trading volume at 57% of normal. Relative to the market the stock has been strong over the last nine months and has risen 2.5% 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, HNNA is expected to continue to be Value Creation neutral.
Hennessy Advisors has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Hennessy Advisors has a neutral Appreciation Score of 56 and a slightly positive Power Rating of 70, producing the Positive Value Trend Rating.
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