NewtekOne Inc (NASDAQ: NEWT) has benefited from meaningful positive changes in fundamentals: the consensus estimate for December, 2024 increased significantly, significant quarterly sales acceleration occurred, and the consensus estimate for December, 2025 increased significantly.
Recent exceptional positive changes in investment behavior have benefitted NewtekOne Inc (NASDAQ: NEWT): the stock rose on very heavy volume, and the stock’s recent price rise disrupted its longer term downtrend.
In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed 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). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. NewtekOne has a neutral Appreciation Score of 49 and a slightly negative Power Rating of 34, leading to the Negative Value Trend Rating.
Recent Price Action
NewtekOne Inc (NASDAQ: NEWT) stock closed at $13.21 on 6/7/24 after a slight gain of 0.2%. Moreover, this advance was accompanied by exceptionally high trading volume at 306% of normal. Relative to the market the stock has been extremely weak over the last nine months and has declined -1.5% during the last week.
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