Recent exceptional positive changes in investment behavior have benefitted National Healthcare Corp (NYSEAMERICAN: NHC): positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
National Healthcare Corp (NYSEAMERICAN: NHC) has benefited from slight positive changes in fundamentals: significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
NHC’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
National Healthcare has a current Value Trend Rating of B (Positive). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. National Healthcare has a slightly negative Appreciation Score of 38 but a very high Power Rating of 90, leading to the Positive Value Trend Rating.
Recent Price Action
National Healthcare Corp (NYSEAMERICAN: NHC) stock closed at $108.40 on 6/28/24 after a modest gain of 0.9%. Moreover, trading volume in this advance was exceptionally high at 340% of normal. The stock has risen 4.9% during the last week and has been exceptionally strong relative to the market over the last nine months.
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