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



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Fair Value

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DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:


Symbol Name Price Change % Volume
ASUR Asure Software Inc 6.66 -0.12 -1.77 18,760
NCT Newcastle Investment Corporation 4.41 -0.07 -1.56 136,688


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