New York Mortgage Trust Inc (NASDAQ:NYMT) shares, rose in value on Friday, May 09, with the stock price down by -1.06% to the previous day’s close as strong demand from buyers drove the stock to $6.51.
Actively observing the price movement in the last trading, the stock closed the session at $6.58. Referring to stock’s 52-week performance, its high was $7.11, and the low was $5.01. On the whole, NYMT has fluctuated by 15.02% over the past month.
With the market capitalization of New York Mortgage Trust Inc currently standing at about $587.84 million, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.80, with its dividend yield at 12.29%.
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 50% Sell 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 100% Buy.
The stock’s technical analysis shows that the price of NYMT currently trading nearly 10.50% and 3.71% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.85, while the 7-day volatility ratio is showing 2.25% which for the 30-day chart, stands at 3.85%. Furthermore, New York Mortgage Trust Inc (NYMT)’s beta value is 1.31, and its average true range (ATR) is 0.24.
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 -1.06% in last session, and over the past year, it grew by 5.85%%.
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 824.34K. According to company’s latest data on outstanding shares, there are 90.53 million shares outstanding.
Nearly 7.31% of New York Mortgage Trust Inc’s shares belong to company insiders and institutional investors own 59.84% of the company’s shares. The stock has risen by 7.43% 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.
