NewtekOne Inc (NASDAQ: NEWT)’s stock price has gone rise by 11.28 in comparison to its previous close of 11.08, however, the company has experienced a 14.27% increase in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-06 that While the top- and bottom-line numbers for NewtekOne (NEWT) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Is It Worth Investing in NewtekOne Inc (NASDAQ: NEWT) Right Now?
The price-to-earnings ratio for NewtekOne Inc (NASDAQ: NEWT) is above average at 7.98x. The 36-month beta value for NEWT is also noteworthy at 1.33. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 2 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
The public float for NEWT is 23.91M, and at present, short sellers hold a 8.00% of that float. The average trading volume of NEWT on May 08, 2024 was 142.67K shares.
NEWT’s Market Performance
NEWT stock saw an increase of 14.27% in the past week, with a monthly gain of 0.49% and a quarterly increase of 8.73%. The volatility ratio for the week is 3.56%, and the volatility levels for the last 30 days are 3.16% for NewtekOne Inc (NEWT). The simple moving average for the past 20 days is 10.42% for NEWT’s stock, with a -10.45% simple moving average for the past 200 days.
Analysts’ Opinion of NEWT
Many brokerage firms have already submitted their reports for NEWT stocks, with B. Riley Securities repeating the rating for NEWT by listing it as a “Buy.” The predicted price for NEWT in the upcoming period, according to B. Riley Securities is $15 based on the research report published on May 19, 2023 of the previous year 2023.
NEWT Trading at 10.23% from the 50-Day Moving Average
After a stumble in the market that brought NEWT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -36.33% of loss for the given period.
Volatility was left at 3.16%, however, over the last 30 days, the volatility rate increased by 3.56%, as shares sank -0.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.60% upper at present.
During the last 5 trading sessions, NEWT rose by +14.27%, which changed the moving average for the period of 200-days by -31.19% in comparison to the 20-day moving average, which settled at $11.16. In addition, NewtekOne Inc saw -10.65% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NEWT starting from Mulia Salvatore Francis, who sale 750 shares at the price of $10.87 back on Apr 22 ’24. After this action, Mulia Salvatore Francis now owns 46,462 shares of NewtekOne Inc, valued at $8,152 using the latest closing price.
Mulia Salvatore Francis, the Director of NewtekOne Inc, sale 750 shares at $10.71 during a trade that took place back on Mar 21 ’24, which means that Mulia Salvatore Francis is holding 47,212 shares at $8,033 based on the most recent closing price.
Stock Fundamentals for NEWT
Current profitability levels for the company are sitting at:
- 0.33 for the present operating margin
- 0.77 for the gross margin
The net margin for NewtekOne Inc stands at 0.2. The total capital return value is set at 0.05. Equity return is now at value 16.86, with 2.89 for asset returns.
Based on NewtekOne Inc (NEWT), the company’s capital structure generated 0.82 points at debt to capital in total, while cash flow to debt ratio is standing at -0.08. The debt to equity ratio resting at 4.46. The interest coverage ratio of the stock is 1.02.
Currently, EBITDA for the company is 112.12 million with net debt to EBITDA at 12.94. When we switch over and look at the enterprise to sales, we see a ratio of 6.04. The receivables turnover for the company is 3.31for trailing twelve months and the total asset turnover is 0.14.
Conclusion
In summary, NewtekOne Inc (NEWT) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
