With a current price of $1.81, Broadway Financial Corporation [NASDAQ:BYFC] is active in the Banks – Regional industry, with a 5-day price swing of 7.74%.
For the year, the stock is trading 17.53%, while, as a point of reference, the S&P 500 is trading 1.71% YTD. Other data to note on this name is a price per sales number of 2.03.
The Price is right
Holding a Market Cap of $35.55 million, Broadway Financial Corporation has seen a trading range over the last year of $1.04-$7.23.
For the last five days, BYFC is up from its last closing price. The average shares trading hands each day is 1.48M.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for BYFC. When we apply the Elder Force Index to Broadway Financial Corporation, we are seeing an Elder Force Indicator number of 236162.78.
In the last quarter, BYFC made a profit of 3.03 million.
Looking at popular technical indicators, the company’s 5-day moving average is 1.7120 compared to the 50-day moving average of 0.67%. So, we are clearly seeing an upward trajectory here.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. BYFC currently holds a 9-day RSI of 58.97%, while 100-day RSI stands at 50.85%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. BYFC’s 9-day MACD is -0.0500 and the company’s 100-day MACD stands at -0.0539.
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 60.90% by insiders and 16.74% by institutions. Regarding institutional holdings, Vanguard Group, Inc. (The) owns 1.63%, while the second top holder, Blackrock Inc., currently owns 0.30%.
Currently, the company has 0 analysts watching the stock, and the average quarterly earnings estimate is 0.