Stock Rating Downgrade
During the last several trading days the Value Trend Rating for Oak Valley Bancorp (NASDAQ: OVLY) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 9/10/24, Oak Valley Bancorp (NASDAQ: OVLY) stock enjoyed a large increase of 4.4%, closing at $26.04. However, trading volume in this advance was exceptionally low at 45% of normal. The stock has performed in line with the market over the last nine months and has declined -2.4% during the last week.
Current PriceTarget Research Rating
OVLY is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Oak Valley Bancorp has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Oak Valley Bancorp has a good Appreciation Score of 81 but a neutral Power Rating of 44, with the High Neutral Value Trend Rating the result.
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