On 11/5/24, Northwest Pipe Co (NASDAQ: NWPX) stock enjoyed a major increase of 10.6%, closing at $52.29. Moreover, this advance was accompanied by exceptionally high trading volume at 261% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 16.6% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, NWPX is expected to continue to be Value Creation neutral.
Northwest Pipe has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Northwest Pipe has a neutral Appreciation Score of 59 but a good Power Rating of 85, producing the Positive Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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