Hennessy Advisors Inc (NASDAQ: HNNA) stock enjoyed a major increase of 23.1% on 8/13/24. The shares closed at $11.07. Moreover, trading volume in this advance was exceptionally high at 1187% of normal. The stock has risen 38.7% during the last week and has been strong relative to the market over the last nine months.
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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Hennessy Advisors has a neutral Appreciation Score of 49 but a good Power Rating of 77, resulting in the Positive Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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