HomeStreet Inc (NASDAQ: HMST) stock suffered a major decline of -34.9% on 10/30/24. The shares closed at $9.06. Moreover, exceptionally high trading volume at 858% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -37.9% during the last week.
Current PriceTarget Research Rating
HMST is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
HomeStreet has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. HomeStreet has a good Power Rating of 83 and a good Appreciation Score of 84, resulting in the Highest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
Be the first to comment