Unity Bancorp Inc (NASDAQ: UNTY) stock closed at $45.98 on 11/6/24 after a major increase of 14.2%. Moreover, exceptionally high trading volume at 409% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 16.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, UNTY is expected to continue to be a Value Builder.
Unity Bancorp has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Unity Bancorp has a good Appreciation Score of 76 and a very high Power Rating of 96, leading to the Highest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
Be the first to comment