NEWT Stock Summary and Trading Ideas (Newtekone | NASDAQ:NEWT)

NewtekOne Inc is a financial holding company engaged in providing financial solutions, It has developed a financial and technology-based business model that enables itself to acquire and process its clients in a very cost-effective manner. This capability is supported in large part by NewTracker, its patented prospect management technology software, that will allow NewtekOne clients to easily interact with NewtekOne subject matter experts in the areas of Banking, Lending, Payments, Technology, Payroll, and Insurance. It offers NewtekOne's clients a single online dashboard to access all of NewtekOne's business and financial solutions. It has four reportable segments Banking, Technology, NSBF, and Payments.

Newtekone trades on the NASDAQ stock market under the symbol NEWT.

As of April 19, 2024, NEWT stock price climbed to $10.90 with 135,119 million shares trading.

NEWT has a beta of 0.60, meaning it tends to be less sensitive to market movements. NEWT has a correlation of 0.03 to the broad based SPY ETF.

NEWT has a market cap of $268.71 million. This is considered a Small Cap stock.

Last quarter Newtekone reported $58 million in Revenue and $.53 earnings per share. This fell short of revenue expectation by $-6 million and missed earnings estimates by -$.05.

In the last 3 years, NEWT stock traded as high as $38.78 and as low as $10.07.

The top ETF exchange traded funds that NEWT belongs to (by Net Assets): VTI, IWM, VXF, IWN, SCHA.

NEWT has underperformed the market in the last year with a price return of -7.7% while the SPY ETF gained +21.2%. NEWT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -11.8% and -9.8%, respectively, while the SPY returned +3.0% and -4.5%, respectively.

NEWT support price is $10.56 and resistance is $11.20 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NEWT stock will trade within this expected range on the day.