Broadway Financial (BYFC) is showing promising potential for investors looking to diversify their portfolios. Despite a Jensen Alpha of
-0.18, indicating a slight underperformance compared to the market, the stock's Potential Upside of
4.42 and Price Percent Change of
1.73 suggest a positive future trend. Coupled with a Mean Deviation of
1.88, which indicates moderate risk, this could be a lucrative opportunity for those willing to ride the wave of hype surrounding regional banks.
Main Points
Broadway Financial exhibits a Beta of -0.091, indicating minimal market volatility. As market returns increase, Broadway Financial's returns are expected to decrease at a lesser rate. In a bear market, Broadway Financial is likely to outperform. To predict a stock's future performance, we examine its past performance charts and overall business, including all technical indicators. Broadway Financial is projected to return -0.27%. It's crucial to verify Broadway Financial's maximum drawdown, daily balance of power, and period momentum indicator. Also, consider the relationship between skewness and the day's typical price to determine if past performance will recur in the near future.
The successful prediction of Broadway Financial
stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published
stock prices of traded companies, such as Broadway Financial, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at
the intrinsic value of Broadway Financial based on Broadway Financial hews, social hype, general headline patterns, and widely used
predictive technical indicators. We also calculate exposure to Broadway Financial's
market risk, different
technical and
fundamental indicators, relevant financial multiples and ratios, and then
comparing them to Broadway Financial's related companies.
Use Technical Analysis to project Broadway expected Price
Broadway Financial 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.
A focus of Broadway Financial technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Broadway Financial trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions.
More Info...Broadway Financial Gross Profit
Broadway Financial Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Broadway Financial previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Broadway Financial Gross Profit growth over the last 10 years. Please check Broadway Financial's
gross profit and other
fundamental indicators for more details.
What is driving Broadway Financial Investor Appetite?
The latest Broadway Financial price dip could raise concerns from shareholders as the firm is trading at a share price of
5.88 on very low momentum in volume. The company management teams were unable to exploit market volatilities in
February. However, diversifying your overall positions with Broadway Financial can protect your principal portfolio during market swings. The stock standard deviation of daily returns for 90 days investing horizon is currently 2.14. The current volatility is consistent with the ongoing market swings in
February 2024 as well as with Broadway Financial unsystematic, company-specific events.
Total Revenue Breakdown
Broadway Financial's Total Revenue is increasing over the years with slightly volatile fluctuation. Overall, Total Revenue is expected to go to about 41.1
M this year. Total Revenue usually refers to the total amount of income generated by the sale of goods or services related to the company's primary operations. At present, Broadway Financial's Total Revenue is projected to increase significantly based on the last few years of reporting.
| 2017 | 13.08 Million |
| 2018 | 11.01 Million |
| 2019 | 11.35 Million |
| 2020 | 13.08 Million |
| 2021 | 24.22 Million |
| 2022 | 34.05 Million |
| 2023 | 39.16 Million |
| 2024 | 41.12 Million |
"Never put all your eggs in one basket" is a well-known financial proverb that resonates with the idea of expanding your portfolio with Broadway Financial (BYFC). With a market capitalization of $53.63M and a net asset of $1.18B, Broadway Financial presents a promising investment opportunity. The company's retained earnings stand at $9.29M, indicating a strong financial position. Despite a probability of bankruptcy at 47.90%, the company's price to earnings ratio is at a high 220.00X, suggesting investors are willing to pay a high price for the future earnings growth. Moreover, with a gross profit of $33.06M and a profit margin of 0.14%, Broadway Financial shows potential for a positive return on investment.
Broadway is expecting lower volatility in April
Broadway Financial's recent market risk-adjusted performance is 2.11, indicating stable performance and effective risk management. This suggests lower volatility for the company in April, making it an attractive option for conservative investors seeking steady returns with minimal value fluctuations. Broadway Financial's low volatility, with a skewness of -1.06 and kurtosis of 4.32, further supports this. However, investors are advised to further study Broadway Financial's technical indicators to ensure reliable market information. Understanding
market volatility trends can help investors time the market. Using volatility indicators properly allows traders to measure Broadway Financial's stock risk against market volatility during bullish and bearish trends.
High volatility in bear markets can impact
Broadway Financial's stock price and stress investors, often leading to portfolio rebalancing with different stocks as prices fall. In conclusion, Broadway Financial's current market valuation of
$5.88 is significantly undervalued compared to its real value of
$6.11. This presents a unique opportunity for investors to capitalize on this discrepancy. The potential upside price of $8.37 further indicates that the time to invest in Broadway Financial is now. However, investors should also be aware of the possible downside price of $4.09. With the fiscal year ending in December, it's an opportune time to review investment strategies and consider Broadway Financial as a promising addition to your portfolio. .
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Rifka Kats is a Member of Macroaxis Editorial Board. Rifka writes about retail product and service companies from the perspective of a regular consumer and sophisticated investor at the same time. She is passionate about corporate ethics and equality in the workforce.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Rifka Kats do not own shares of Broadway Financial. Please refer to our
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