New York Community Bancorp Inc. (NYSE:NYCB) traded at $3.66 at last check on Monday, March 18, made a downward move of -6.03% on its previous day’s price.
Looking at the stock we see that its previous close was $3.90 and the beta (5Y monthly) reads 0.95. In terms of its 52-week price range, NYCB has a high of $14.22 and a low of $1.70. The company’s stock has lost about -25.66% over that past 30 days.
New York Community Bancorp Inc. has a market cap of $2.65 billion and is expected to release its quarterly earnings report on Apr 26, 2024 – Apr 30, 2024. With its Forward Dividend at 0.56 and a yield of 15.28%, the company’s investors could be anxious for the NYCB stock to gain ahead of the earnings release.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the NYCB stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is -8.13% off its SMA20 and -43.49% from its 50-day simple moving average. The RSI (14) is pointing at 39.06 while the volatility over the past week is 9.51% and jumps to 16.79% over the past one month. The beta value is 0.96, while the average true range (ATR) is currently pointing at 0.55.
Coming back to New York Community Bancorp Inc. (NYSE:NYCB), we note that the average 3-month trading volume was 37.54 million, while that of the preceding 10-day period stands at 77.86 million. Current shares outstanding are 722.07 million.
The insiders hold 2.16% of the company’s shares while institutions hold 69.81%. The data shows that short shares as of Feb 29, 2024, stood at 45.56 million at a short ratio of 0.89. This represents a 6.31% short interest in shares outstanding on Feb 29, 2024. Shares short rose in February from the previous month at 21.48 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -64.17% down in year-to-date price movement.
