NewtekOne Inc (NASDAQ: NEWT) stock enjoyed a major increase of 11.3% on 5/7/24. The shares closed at $12.33. Moreover, trading volume in this advance was exceptionally high at 252% of normal. The stock has been extremely weak relative to the market over the last nine months but has risen 10.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, NEWT is expected to continue to be a major Value Builder.
NewtekOne has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. NewtekOne has a neutral Appreciation Score of 57 but a poor Power Rating of 21, resulting in the Negative Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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