Alert: Major Price Decline (12/5/23)-Broadway Financial Corp (NASDAQ: BYFC).


Broadway Financial Corp (NASDAQ: BYFC) stock suffered a major decline of -13.7% on 12/5/23. The shares closed at $6.47. Moreover, this decline was accompanied by unusually high trading volume at 168% of normal. The stock has been weak relative to the market over the last nine months and has declined -14.0% during the last week.


Current PriceTarget Research Rating

BYFC is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.

Broadway Financial has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Broadway Financial has a slightly positive Appreciation Score of 69 but a slightly negative Power Rating of 34, resulting in the Neutral Value Trend Rating.

Rating Review

In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

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