Alert: Positive Investment/Fundamental Signals (12/6/23)-National Bankshares Inc (NASDAQ: NKSH)


Recent extremely meaningful positive changes in investment behavior have benefitted National Bankshares Inc (NASDAQ: NKSH): positive upside/downside volume developed, its shorter term price trend turned up, and the stock rose on very heavy volume.

Recent modest positive changes in fundamentals have benefitted National Bankshares Inc (NASDAQ: NKSH). Positive developments: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred. Negative development: the consensus estimate for December, 2024 decreased significantly.

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


Current PriceTarget Research Rating

NKSH is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

National Bankshares has a current Value Trend Rating of F (Lowest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. National Bankshares has a slightly negative Appreciation Score of 32 and a poor Power Rating of 25, leading to the Lowest Value Trend Rating.

Recent Price Action

National Bankshares Inc (NASDAQ: NKSH) stock closed at $27.35 on 12/6/23 after a modest gain of 0.4%. Moreover, exceptionally high trading volume at 371% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but has risen 5.2% during the last week.

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