Stocks Under $10: Newcastle Investment

Richard Suttmeier  |

Newcastle Investment (NCT) – ($5.56) has a Strong Buy rating according to ValuEngine with fair value at $14.03, which makes the stock 60.4% undervalued. The stock has a one-year price target at $6.72. ValuEngine Profile – “Newcastle Investment Corp invests in real estate securities and other real estate-related assets. Newcastle is organized and conducts its operations to qualify as a real estate investment trust for federal income tax purposes.”

Analysis – The daily chart for NCT shows rising momentum with the stock above its 21-day, 50-day and 200-day simple moving averages at $5.49, $5.32 and $4.50. My weekly value level is $5.33 with a quarterly risky level at $8.63.

         


Courtesy of Thomson / Reuters

 

Ticker

Company Name

Mkt Price

Fair Value

One-Year Price Target

Last 12-Mon Retn (%)

5-Yr Avg Retn (%)

P/E Ratio

NCT

NEWCASTLE INVESTMENT

5.56

14.03

6.72

-16.01

-13.46

4.96

 

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