New York Community Bancorp Inc. (NYSE:NYCB) traded at $2.97 at close of the session on Friday, April 26, made a downward move of -3.26% on its previous day’s price.
Looking at the stock we see that its previous close was $3.07 . 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 -11.08% over that past 30 days.
New York Community Bancorp Inc. has a market cap of $2.39 billion. With its Forward Dividend at 0.56 and a yield of 18.86%, the company’s investors could be anxious for the NYCB stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of -$0.15, with the EPS growth for the year raised at -$0.05 for 2024 and $0.28 for next year. These figures represent -106.20% and 660.00% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $651.43 million, with a low of $591 million and a high of $811.7 million. The median projection represents growth squeezing down to 24.10% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $2.6 billion, or -27.10% down from figures reported last year.
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 -3.46% off its SMA20 and -16.92% from its 50-day simple moving average. The RSI (14) is pointing at 40.15 while the volatility over the past week is 5.07% and jumps to 5.20% over the past one month. The beta value is 0.91, while the average true range (ATR) is currently pointing at 0.21.
Coming back to New York Community Bancorp Inc. (NYSE:NYCB), we note that the average 3-month trading volume was 41.70 million. Current shares outstanding are 804.66 million.
The insiders hold 7.23% of the company’s shares while institutions hold 54.34%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -70.97% down in year-to-date price movement.
