NN Inc (NASDAQ: NNBR) stock closed at $3.36 on 7/11/24 after a major increase of 12.0%. However, this advance was accompanied by unusually low trading volume at 57% of normal. The stock has risen 12.0% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
NNBR is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
NN has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. NN has a poor Appreciation Score of 21 but a very high Power Rating of 99, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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