On 12/14/23, HomeStreet Inc (NASDAQ: HMST) stock enjoyed a major increase of 15.6%, closing at $10.00. Moreover, this advance was accompanied by above average trading volume at 142% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 36.4% during the last week.
Current PriceTarget Research Rating
HMST’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company 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 6, and the Low Neutral Value Trend Rating results.
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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