Stock Rating Downgrade
In the last week the Value Trend Rating for NewtekOne Inc (NASDAQ: NEWT) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
NewtekOne Inc (NASDAQ: NEWT) stock closed at $12.27 on 4/8/24 after an increase of 1.5%. NORMAL trading volume accompanied the advance. The stock has risen 11.5% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, NEWT is expected to continue to be a major Value Builder.
NewtekOne has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. NewtekOne has a neutral Appreciation Score of 51 and a slightly negative Power Rating of 32, with the Negative Value Trend Rating the result.
Be the first to comment