New York Mortgage Trust Inc (NASDAQ:NYMT) shares, rose in value on Friday, March 07, with the stock price up by 2.64% to the previous day’s close as strong demand from buyers drove the stock to $7.01.
Actively observing the price movement in the last trading, the stock closed the session at $6.83. Referring to stock’s 52-week performance, its high was $7.40, and the low was $5.14. On the whole, NYMT has fluctuated by 15.87% over the past month.
With the market capitalization of New York Mortgage Trust Inc currently standing at about $634.88 million, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.80, with its dividend yield at 11.41%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 125.72M, with a low estimate of 21M and a high estimate of 31.11M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 28.11M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NYMT’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of NYMT currently trading nearly 7.36% and 13.18% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 67.02, while the 7-day volatility ratio is showing 2.84% which for the 30-day chart, stands at 3.00%. Furthermore, New York Mortgage Trust Inc (NYMT)’s beta value is 1.47, and its average true range (ATR) is 0.19.
A comparison of New York Mortgage Trust Inc (NYMT) with its peers suggests the former has fared considerably weaker in the market. NYMT showed an intraday change of 2.64% in last session, and over the past year, it grew by 0.43%%.
Data on historical trading for New York Mortgage Trust Inc (NASDAQ:NYMT) indicates that the trading volumes over the past 3 months, they’ve averaged 756.45K. According to company’s latest data on outstanding shares, there are 90.57 million shares outstanding.
Nearly 7.31% of New York Mortgage Trust Inc’s shares belong to company insiders and institutional investors own 59.42% of the company’s shares. The stock has risen by 15.68% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NYMT stock heading into the next quarter.
