NVE Corp (NASDAQ: NVEC) stock enjoyed a major increase of 10.3% on 11/6/24. The shares closed at $82.18. Moreover, this advance was accompanied by unusually high trading volume at 181% of normal. The stock has performed in line with the market over the last nine months and has risen 5.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, NVEC is expected to continue to be a major Value Builder.
NVE has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. NVE has a slightly negative Power Rating of 36 and a very low Appreciation Score of 11, leading to the Lowest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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