On 11/6/24, NewtekOne Inc (NASDAQ: NEWT) stock enjoyed a major increase of 10.6%, closing at $14.60. Moreover, this advance was accompanied by exceptionally high trading volume at 213% of normal. The stock has been strong relative to the market over the last nine months and has risen 9.0% during the last week.
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 C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. NewtekOne has a neutral Appreciation Score of 54 and a slightly positive Power Rating of 67, with the High Neutral Value Trend Rating the result.
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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