Extremely important positive changes in investment behavior have recently occurred for Rand Capital Corp (NASDAQ: RAND): its longer term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, positive upside/downside volume developed, and its shorter term price trend turned up.
Marginal positive changes in Rand Capital Corp (NASDAQ: RAND) fundamentals have recently occurred: significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to fall short of the cost of capital, RAND is expected to be a modest Value Eraser.
Rand Capital has a current Value Trend Rating of C (Low Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Rand Capital has a poor Appreciation Score of 22 but a slightly positive Power Rating of 69, and the Low Neutral Value Trend Rating results.
Recent Price Action
Rand Capital Corp (NASDAQ: RAND) stock declined slightly by -0.7% on 1/12/24. The stock closed at $13.60. However, trading volume in this decline was exceptionally low at 49% of normal. Relative to the market the stock has been strong over the last nine months and has risen 2.3% during the last week.
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