Stock Rating Upgrade
In the last week the Value Trend Rating for Nicholas Financial Inc (NASDAQ: NICK) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Nicholas Financial Inc (NASDAQ: NICK) stock rose modestly by 1.0% on 5/10/24. The stock closed at $6.80. However, exceptionally low trading volume at 8% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months but has declined -1.0% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, NICK is expected to continue to be Value Creation neutral.
Nicholas Financial 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 very contradictory signals. Nicholas Financial has a slightly negative Appreciation Score of 32 but a very high Power Rating of 92, producing the Positive Value Trend Rating.
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