Stock Rating Downgrade
The Value Trend Rating for First National Corp/VA (NASDAQ: FXNC) weakened in the last week from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
First National Corp/VA (NASDAQ: FXNC) stock was unchanged 0.0% on 4/26/24. The shares closed at $15.03. However, this flat performance was accompanied by exceptionally low trading volume at 0% of normal. Relative to the market the stock has been weak over the last nine months but is unchanged during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, FXNC is expected to continue to be a Value Builder.
First National has a current Value Trend Rating of C (High Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. First National has a neutral Power Rating of 55 and a slightly positive Appreciation Score of 64, triggering the High Neutral Value Trend Rating.
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