Newtek Business Services Stock Price on May 2, 2023
| NEWTZ Stock | USD 24.68 0.07 0.28% |
If you're considering investing in Newtek Stock, it is important to understand the factors that can impact its price. As of today, the current price of Newtek Business stands at 24.68, as last reported on the 14th of December 2024, with the highest price reaching 24.75 and the lowest price hitting 24.68 during the day. At this stage we consider Newtek Stock to be very steady. Newtek Business Services has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Newtek Business, which you can use to evaluate the volatility of the firm. Please verify Newtek Business' Downside Deviation of 0.3107, mean deviation of 0.168, and Risk Adjusted Performance of 0.0781 to check out if the risk estimate we provide is consistent with the expected return of 0.0304%.
At this time, Newtek Business' Common Stock Shares Outstanding is fairly stable compared to the past year. Liabilities And Stockholders Equity is likely to rise to about 1.5 B in 2024, whereas Total Stockholder Equity is likely to drop slightly above 158.4 M in 2024. . At this time, Newtek Business' Price To Sales Ratio is fairly stable compared to the past year. Price Book Value Ratio is likely to rise to 2.09 in 2024, whereas Price Earnings Ratio is likely to drop 6.42 in 2024. Newtek Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Newtek |
Sharpe Ratio = 0.1151
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Estimated Market Risk
| 0.26 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Newtek Business is performing at about 9% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Newtek Business by adding it to a well-diversified portfolio.
Shares Short Prior Month 2.9 K | Market Capitalization 450.6 M | Shares Short 4.4 K |
Newtek Business Valuation on May 2, 2023
It is possible to determine the worth of Newtek Business on a given historical date. On May 2, 2023 Newtek was worth 22.14 at the beginning of the trading date compared to the closed value of 22.77. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Newtek Business stock. Still, in general, we apply an absolute valuation method to find Newtek Business' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Newtek Business where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Newtek Business' related companies.
| Open | High | Low | Close | Volume | |
| 23.03 | 23.03 | 23.03 | 23.03 | 1.00 | |
05/02/2023 | 22.14 | 22.77 | 22.14 | 22.77 | 2,300 |
| 22.44 | 22.67 | 22.44 | 22.67 | 1,600 |
| Backtest Newtek Business | | | Newtek Business History | | | Newtek Business Valuation | Previous | Next |
Newtek Business Trading Date Momentum on May 2, 2023
| On May 03 2023 Newtek Business Services was traded for 22.67 at the closing time. The highest daily price throughout the period was 22.67 and the lowest price was 22.44 . The daily volume was 1.6 K. The net trading volume on 05/03/2023 added to the next day price reduction. The trading delta at closing time to closing price of the next trading day was 0.44% . The trading delta at closing time to current closing price is 1.45% . |
Newtek Business Services Fundamentals Correlations and Trends
By evaluating Newtek Business' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Newtek Business' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Newtek financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Newtek Business Stock history
Newtek Business investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Newtek is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Newtek Business Services will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Newtek Business stock prices may prove useful in developing a viable investing in Newtek Business
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 24.3 M | 25.6 M | |
| Net Income Applicable To Common Shares | 44.8 M | 29.1 M |
Newtek Business Stock Technical Analysis
Newtek Business technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Newtek Business Period Price Range
Low | December 14, 2024
| High |
0.00 | 0.00 |
Newtek Business Services cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Newtek Business December 14, 2024 Market Strength
Market strength indicators help investors to evaluate how Newtek Business stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Newtek Business shares will generate the highest return on investment. By undertsting and applying Newtek Business stock market strength indicators, traders can identify Newtek Business Services entry and exit signals to maximize returns
Newtek Business Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Newtek Business' price direction in advance. Along with the technical and fundamental analysis of Newtek Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Newtek to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0781 | |||
| Jensen Alpha | 0.021 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.21) | |||
| Treynor Ratio | 0.6394 |
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Additional Tools for Newtek Stock Analysis
When running Newtek Business' price analysis, check to measure Newtek Business' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Newtek Business is operating at the current time. Most of Newtek Business' value examination focuses on studying past and present price action to predict the probability of Newtek Business' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Newtek Business' price. Additionally, you may evaluate how the addition of Newtek Business to your portfolios can decrease your overall portfolio volatility.