Alert: Major Price Decline (12/15/23)-Broadway Financial Corp (NASDAQ: BYFC).


On 12/15/23, Broadway Financial Corp (NASDAQ: BYFC) stock suffered a major decline of -11.8%, closing at $6.25. However, trading volume in this decline was below average at 70% of normal. The stock has been weak relative to the market over the last nine months and has declined -0.8% 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). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Broadway Financial has a good Appreciation Score of 78 but a slightly negative Power Rating of 33, triggering 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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