Recent extremely meaningful positive changes in investment behavior have benefitted Rand Capital Corp (NASDAQ: RAND): positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.
Rand Capital Corp (NASDAQ: RAND). Meaningful positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and the stock’s power rating rose above 70.
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
RAND’s future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to be a modest Value Eraser.
Rand Capital has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Rand Capital has a poor Appreciation Score of 20 but a good Power Rating of 71, resulting in the Low Neutral Value Trend Rating.
Recent Price Action
On 12/8/23, Rand Capital Corp (NASDAQ: RAND) stock enjoyed a large increase of 3.5%, closing at $14.07. Moreover, exceptionally high trading volume at 220% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 9.8% during the last week.
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