NewtekOne Inc (NASDAQ: NEWT) has recently enjoyed extremely meaningful positive changes in investment behavior: its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, positive upside/downside volume developed, and the stock rose on very heavy volume.
Important positive changes in fundamentals have recently occurred for NewtekOne Inc (NASDAQ: NEWT): significant quarterly sales acceleration occurred, and the consensus estimate for December, 2023 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, NEWT is expected to continue to be a Value Builder.
NewtekOne has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. NewtekOne has a neutral Appreciation Score of 58 but a good Power Rating of 84, resulting in the Positive Value Trend Rating.
Recent Price Action
NewtekOne Inc (NASDAQ: NEWT) stock closed at $14.84 on 12/15/23 after an increase of 1.1%. Moreover, exceptionally high trading volume at 339% of normal accompanied the advance. The stock has risen 6.2% during the last week and has been exceptionally strong relative to the market over the last nine months.
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