New York Community Bancorp Inc. (NYSE:NYCB) Stock Is up 83.53% From Its Low, This Stock Is Just Warming Up

The trading price of New York Community Bancorp Inc. (NYSE:NYCB) remained unchanged on Tuesday, April 23, closing at $3.12.

In examining the 52-week price action we see that the stock hit a 52-week high of $14.22 and a 52-week low of $1.70. Over the past month, the stock has lost -11.86% in value.

New York Community Bancorp Inc., whose market valuation is $2.49 billion at the time of this writing. The dividend yield on the company stock is 17.95%, while its Forward Dividend ratio is 0.56. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.15 per share this quarter, however they have predicted annual earnings per share of -$0.05 for 2024 and $0.28 for 2025. It means analysts are expecting annual earnings per share growth of -106.20% this year and 660.00% next year.

Analysts have forecast the company to bring in revenue of $651.43 million for the current quarter, with the likely lows of $591 million and highs of $811.7 million. The average estimate suggests sales will likely up by 24.10% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2024 is $2.6 billion. The company’s revenue is forecast to drop by -27.10% over what it did in 2024.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of New York Community Bancorp Inc. no upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest NYCB has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.

A quick review shows that NYCB’s price is currently 0.50% off the SMA20 and -15.13% off the SMA50. The RSI metric on the 14-day chart is currently showing 43.66, and weekly volatility stands at 3.93%. When measured over the past 30 days, the indicator reaches 5.43%. New York Community Bancorp Inc. (NYSE:NYCB)’s beta value is currently sitting at 0.90, while the Average True Range indicator is currently displaying 0.22.

To see how New York Community Bancorp Inc. stock has been performing today in comparison to its peers in the industry, here are the numbers: NYCB stock’s performance was 0.00% at last check in today’s session, and -65.41% in the past year.

An evaluation of the daily trading volume of New York Community Bancorp Inc. (NYSE:NYCB) indicates that the 3-month average is 41.44 million.

Currently, records show that 797.92 million of the company’s shares remain outstanding. The insiders hold 7.23% of outstanding shares, whereas institutions hold 54.85%. However, since the stock’s price has seen -69.50% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.

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