Stock Rating Upgrade
In recent days the Value Trend Rating for Oak Valley Bancorp (NASDAQ: OVLY) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Oak Valley Bancorp (NASDAQ: OVLY) stock closed at $26.55 on 9/13/24 after a large increase of 4.1%. However, this advance was accompanied by below average trading volume at 72% of normal. The stock has performed in line with the market over the last nine months and has risen 5.1% during the last week.
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 B (Positive). This VT Rating improved in recent days from C previously. This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Oak Valley Bancorp has a good Appreciation Score of 80 but a neutral Power Rating of 48, with the Positive Value Trend Rating the result.
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