Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Oak Valley Bancorp (NASDAQ: OVLY) weakened during the last several trading days. OVLY’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Oak Valley Bancorp (NASDAQ: OVLY) stock closed at $24.85 on 5/3/24 after a large increase of 2.1%. However, this advance was accompanied by exceptionally low trading volume at 30% of normal. The stock has risen 3.2% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
OVLY is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Oak Valley Bancorp has a current Value Trend Rating of C (High Neutral). 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 80 but a neutral Power Rating of 41, and the High Neutral Value Trend Rating results.
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