Stock Rating Upgrade
The Value Trend Rating for First National Corp/VA (NASDAQ: FXNC) improved during the last several trading days from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
First National Corp/VA (NASDAQ: FXNC) stock closed at $20.30 on 12/15/23 after a large increase of 2.6%. Trading volume in this advance was normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 2.4% during the last week.
Current PriceTarget Research Rating
FXNC’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
First National has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. First National has a neutral Appreciation Score of 41 but a very high Power Rating of 87, with the Positive Value Trend Rating the result.
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