Alert: Positive Investment/Fundamental Signals (12/14/23)-Alerus Financial Corp (NASDAQ: ALRS)


Alerus Financial Corp (NASDAQ: ALRS) has recently enjoyed extremely meaningful positive changes in investment behavior: positive upside/downside volume developed, its longer term price trend turned up, and the stock rose on very heavy volume.

Recent slight positive changes in fundamentals have benefitted Alerus Financial Corp (NASDAQ: ALRS): 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

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

Alerus Financial has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Alerus Financial has a neutral Appreciation Score of 46 but a good Power Rating of 78, producing the High Neutral Value Trend Rating.

Recent Price Action

Alerus Financial Corp (NASDAQ: ALRS) stock increased 1.8% on 12/14/23. The shares closed at $21.25. Moreover, this advance was accompanied by exceptionally high trading volume at 340% of normal. The stock has risen 13.0% during the last week and has been exceptionally strong relative to the market over the last nine months.

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