NVE Corp (NASDAQ: NVEC) has recently experienced extremely important negative changes in investment behavior: negative upside/downside volume developed, and its shorter term price trend turned down.
Recent important negative changes in fundamentals have impacted NVE Corp (NASDAQ: NVEC): the stock’s power rating fell below 50, and significant quarterly sales deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of F. We would continue to view the shares with caution 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. NVE has a neutral Power Rating of 41 but a very low Appreciation Score of 10, producing the Lowest Value Trend Rating.
Recent Price Action
NVE Corp (NASDAQ: NVEC) stock closed at $76.97 on 10/1/24 after a decline of -3.6%. However, below average trading volume at 71% of normal accompanied the decline. The stock has declined -1.8% during the last week and has performed in line with the market over the last nine months.
Be the first to comment