Stock Rating Downgrade
The Value Trend Rating for Primis Financial Corp (NASDAQ: FRST) weakened of late from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Primis Financial Corp (NASDAQ: FRST) stock closed at $11.43 on 8/9/24 after a slight decline of -0.2%. However, unusually low trading volume at 60% of normal accompanied the decline. The stock has declined -8.8% during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, FRST is expected to be a Value Builder.
Primis Financial has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Primis Financial has a good Appreciation Score of 75 but a slightly negative Power Rating of 38, leading to the Neutral Value Trend Rating.
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