Recent extremely meaningful negative changes in investment behavior have impacted National Bankshares Inc (NASDAQ: NKSH): the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and negative upside/downside volume developed.
National Bankshares Inc (NASDAQ: NKSH) has recently experienced marginal negative changes in fundamentals: significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
NKSH’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 Bankshares has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. National Bankshares has a neutral Appreciation Score of 58 and a slightly negative Power Rating of 34, triggering the Low Neutral Value Trend Rating.
Recent Price Action
National Bankshares Inc (NASDAQ: NKSH) stock enjoyed a large increase of 2.3% on 9/30/24. The stock closed at $29.90. However, trading volume in this advance was unusually low at 61% of normal. The stock has been weak relative to the market over the last nine months and has declined -1.4% during the last week.
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