Stock Rating Upgrade
In the last week the Value Trend Rating for Oak Valley Bancorp (NASDAQ: OVLY) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Oak Valley Bancorp (NASDAQ: OVLY) stock closed at $24.34 on 4/26/24 after an increase of 1.1%. However, this advance was accompanied by unusually low trading volume at 58% of normal. The stock has risen 4.6% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, OVLY is expected to continue to be a Value Builder.
Oak Valley Bancorp 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. Oak Valley Bancorp has a good Appreciation Score of 81 but a neutral Power Rating of 45, and the Positive Value Trend Rating results.
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