Alerus Financial Corp (NASDAQ: ALRS) stock closed at $20.40 on 10/30/24 after a major decline of -13.9%. Moreover, trading volume in this decline was unusually high at 168% of normal. The stock has declined -13.2% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
ALRS is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Alerus Financial has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Alerus Financial has a neutral Appreciation Score of 51 and a slightly positive Power Rating of 70, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this highly negative 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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