On 12/1/23, HomeStreet Inc (NASDAQ: HMST) stock enjoyed a major increase of 13.3%, closing at $7.65. However, trading volume in this advance was below average at 82% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 25.6% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, HMST is expected to be Value Creation neutral.
HomeStreet has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. HomeStreet has a very high Appreciation Score of 91 but a very low Power Rating of 4, resulting in the Low Neutral Value Trend Rating.
Rating Review
In light of this very positive 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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