National Bankshares Inc (NASDAQ: NKSH). Extremely significant positive changes in investment behavior have recently occurred: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Meaningful positive changes in National Bankshares Inc (NASDAQ: NKSH) fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, NKSH is expected to continue to be a modest Value Builder.
National Bankshares has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. National Bankshares has a neutral Power Rating of 41 but a poor Appreciation Score of 28, and the Negative Value Trend Rating results.
Recent Price Action
National Bankshares Inc (NASDAQ: NKSH) stock closed at $32.65 on 1/3/24 after a modest decline of -1.5%. Trading volume in this decline was normal. The stock has declined -3.1% during the last week and has performed in line with the market over the last nine months.
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