Broadway Financial Corp (NASDAQ: BYFC) stock enjoyed a major increase of 18.7% on 8/21/24. The shares closed at $6.98. Moreover, unusually high trading volume at 159% of normal accompanied the advance. The stock has been extremely weak relative to the market over the last nine months but has risen 32.2% 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, BYFC is expected to continue to be Value Creation neutral.
Broadway Financial has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Broadway Financial has a good Appreciation Score of 83 but a poor Power Rating of 20, leading to the 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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