Alert: Major Price Advance (10/31/24)-North American Construction Grou (NYSE: NOA).

On 10/31/24, North American Construction Grou (NYSE: NOA) stock enjoyed a major increase of 13.7%, closing at $19.53. Moreover, exceptionally high trading volume at 382% of normal accompanied the advance. Relative to the market the stock has been weak over the last nine months but has risen 14.8% during the last week.

Current PriceTarget Research Rating

NOA’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.

North American Construction Grou has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. North American Construction Grou has a very high Appreciation Score of 90 but a slightly negative Power Rating of 34, resulting in the High Neutral Value Trend Rating.

Rating Review

In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.