Stock Rating Downgrade
During the last several trading days the Value Trend Rating for Northeast Community Bancorp Inc (NASDAQ: NECB) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Northeast Community Bancorp Inc (NASDAQ: NECB) stock increased 1.0% on 5/3/24. The shares closed at $16.60. NORMAL trading volume accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 5.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, NECB is expected to be Value Creation neutral.
Northeast Community Bancorp has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Northeast Community Bancorp has a good Appreciation Score of 76 but a neutral Power Rating of 44, producing the High Neutral Value Trend Rating.
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