Recent extremely meaningful positive changes in investment behavior have benefitted NV5 Global Inc (NASDAQ: NVEE): its longer term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, positive upside/downside volume developed, and the stock rose on very heavy volume.
NV5 Global Inc (NASDAQ: NVEE) has recently enjoyed minimal positive changes in fundamentals: significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
NVEE’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
NV5 Global has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. NV5 Global has a poor Appreciation Score of 28 but a slightly positive Power Rating of 65, producing the Low Neutral Value Trend Rating.
Recent Price Action
NV5 Global Inc (NASDAQ: NVEE) stock closed at $110.54 on 12/15/23 after a large increase of 2.3%. Moreover, this advance was accompanied by exceptionally high trading volume at 715% of normal. The stock has risen 9.2% during the last week and has been strong relative to the market over the last nine months.
Be the first to comment