New York Community Bancorp Inc. (NYSE:NYCB) shares, rose in value, with the stock price up by 5.86% to the previous day’s close as strong demand from buyers drove the stock to $3.25.
Actively observing the price movement in the last trading, the stock closed the session at $3.07. The value of beta (5-year monthly) was 0.95. Referring to stock’s 52-week performance, its high was $14.22, and the low was $1.70. On the whole, NYCB has fluctuated by 19.05% over the past month.
With the market capitalization of New York Community Bancorp Inc. currently standing at about $2.59 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 26, 2024 – Apr 30, 2024. The company’s Forward Dividend Ratio is 0.56, with its dividend yield at 17.23%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.1, which is expected to increase to $0.2 for fiscal year $0.03 and then to about $0.29 by fiscal year 2025. Data indicates that the EPS growth is expected to be -96.20% in 2025, while the next year’s EPS growth is forecast to be 866.70%.
Analysts have estimated the company’s revenue for the quarter at $651.32 million, with a low estimate of $579 million and a high estimate of $773.8 million. According to the average forecast, sales growth in current quarter could jump up 24.10%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $2.61 billion, representing a decrease of -26.80% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that NYCB’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of NYCB currently trading nearly -6.07% and -34.95% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 38.76, while the 7-day volatility ratio is showing 5.87% which for the 30-day chart, stands at 15.49%. Furthermore, New York Community Bancorp Inc. (NYCB)’s beta value is 0.92, and its average true range (ATR) is 0.35.
A comparison of New York Community Bancorp Inc. (NYCB) with its peers suggests the former has fared considerably weaker in the market. NYCB showed an intraday change of 5.86% in last session, and over the past year, it shrunk by -64.05%%.
Data on historical trading for New York Community Bancorp Inc. (NYSE:NYCB) indicates that the trading volumes over the past 10 days have averaged 24.26 million and over the past 3 months, they’ve averaged 39.76 million. According to company’s latest data on outstanding shares, there are 797.92 million shares outstanding.
Nearly 7.95% of New York Community Bancorp Inc.’s shares belong to company insiders and institutional investors own 63.20% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 67.34 million shares as on Mar 15, 2024, resulting in a short ratio of 1.3. According to the data, the short interest in New York Community Bancorp Inc. (NYCB) stood at 8.44% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 50.6 million. The stock has fallen by -68.23% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NYCB stock heading into the next quarter.
