Stock Rating Downgrade
The Value Trend Rating for Primis Financial Corp (NASDAQ: FRST) weakened recently from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Primis Financial Corp (NASDAQ: FRST) stock closed at $13.05 on 7/29/24 after a modest decline of -1.6%. NORMAL trading volume accompanied the decline. The stock has risen 7.5% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, FRST is expected to be a Value Builder.
Primis Financial has a current Value Trend Rating of C (High Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Primis Financial has a neutral Power Rating of 50 and a slightly positive Appreciation Score of 70, producing the High Neutral Value Trend Rating.
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