Alert: Positive Investment/Fundamental Signals (12/1/23)-First National Corp/VA (NASDAQ: FXNC)


Extremely important positive changes in investment behavior have recently occurred for First National Corp/VA (NASDAQ: FXNC): the stock rose on very heavy volume, and positive upside/downside volume developed.

First National Corp/VA (NASDAQ: FXNC) has benefited from meaningful positive changes in fundamentals: the consensus estimate for December, 2024 increased significantly, and the stock’s power rating rose above 70.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

FXNC’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.

First National has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. First National has a neutral Appreciation Score of 44 but a good Power Rating of 83, resulting in the Positive Value Trend Rating.

Recent Price Action

First National Corp/VA (NASDAQ: FXNC) stock closed at $18.60 on 12/1/23 after a slight gain of 0.3%. Moreover, exceptionally high trading volume at 233% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months but is unchanged during the last week.

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