Broadway Financial Corporation (NASDAQ:BYFC) concluded the trading on Monday, Jun 22 with a fall of -10.27% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $3.31 and 5Y monthly beta was reading 0.94 with its price kept floating in the range of $2.6300 and $4.4500 on the day. Considering stock’s 52-week price range provides that BYFC hit a high price of $7.23 and saw its price falling to a low level of $1.04 during that period. Over a period of past 1-month, stock came adding 118.38% in its value.
In contrast, when we review BYFC stock’s current outlook then short term indicators are assigning it an average of 100% Buy, while medium term indicators are categorizing the stock at an average of 25% Buy. Long term indicators are suggesting an average of 50% Buy for it.
According to ratings assigned by 1 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; none of them are recommending Broadway Financial Corporation (BYFC) as a Hold, while 1 are in view that stock is a Buy. Recommendation by None analysts for the stock is an Outperform while number of those analysts who rated the stock as Underperform is none, whereas none of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Buy and that encourages the investors to exploit the opportunity and build their stake up in the company.
Digging deeper we become aware of the PEG ratio of the BYFC stock which is currently positioned at 0. It further provides that stock’s current price level is 96.33% away from its 20-day simple moving average and is 105.69% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 78.55 while volatility remained at 64.63% over the past week which changes to 24.02% when measuring it over the past month. Beta is valued at 0.96, while measure of average true range or ATR is currently at 0.69. In predicting price targets of as low as $15 and as high as $15, analysts are in agreement on assigning the stock over the next 12 months average price target of $15. Stock’s current price level is 405.05% above from estimated low price target while it is 405.05% below the estimated high; and even if the BYFC’s share succeeded to reach the median price of $15, then the outlook of +405.05% could come to the excitement of the investors.
In comparing Broadway Financial Corporation (BYFC)’s stock with other industry players reveals that stock’s latest price change of -10.27% and that of +112.28% over the past 12 months is in competing position with that of Citizens Financial Group Inc/Ri (CFG) which saw its stock price raised by 0.32% in the recent trading and went through a decline of -26.9% in past 12-month trading. Industry’s another major player People’s United Finl (PBCT) has fell -1.09% down in latest trading session, but over the past year has faced a fall of -27.98%, while New York Community Bancorp (NYCB) is also down -10.27% however its price remained floating in the green at 112.28% over the same period. Broadway Financial Corporation has a P/E ratio of 0 against that of Citizens Financial Group Inc/Ri’s 8.71 while People’s United Finl is showing 9.31 for the same. On the other hand, the S&P 500 Index was up 0.59% in the early deals while the Dow Jones Industrial was dealing higher at 0.65%.
Having a second look at Broadway Financial Corporation (NASDAQ:BYFC) provides that stock’s average daily trading volume for 3 months was 2.95 Million, while it jumped to 30.82 Million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock currently stood at 19.28 Million.
Data compiled by Thomson Reuters highlights that percentage of outstanding shares held by the insiders is 60.9% while it is 16.74% for the institutional holders. The figures also indicate that as of May 28, 2020, number of stock’s short shares was 8840000 which implies a short ratio of 1.15. This shows up a 0.03% of Short Interest in company’s outstanding shares on the day. In May the standing of shares short improved as it was 8.3 Million in the previous month. Addition of +92.86% by stock’s current price to its year-to-date value in today’s trading is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.