New York Mortgage Trust Inc (NASDAQ:NYMT) price on Friday, May 23, fall -0.62% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $6.42.
A look at the stock’s price movement, the close in the last trading session was $6.46. Turning to its 52-week performance, $7.27 and $5.01 were the 52-week high and 52-week low respectively. Overall, NYMT moved 14.85% over the past month.
New York Mortgage Trust Inc’s market cap currently stands at around $579.72 million, with investors looking forward to this quarter’s earnings report slated for in June. The company has a Forward Dividend ratio of 0.80, with its dividend yield at 12.46%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 38.67M for the company’s revenue for the quarter, with a low and high estimate of 32.71M and 46.1M respectively. The average forecast suggests up to a 103.04% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 150.63M, representing a 79.63% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that NYMT is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 1 recommend NYMT as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
NYMT’s current price about -2.37% and 2.20% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 48.34, while 7-day volatility ratio is 3.96% and 3.17% in the 30-day chart. Further, New York Mortgage Trust Inc (NYMT) has a beta value of 1.32, and an average true range (ATR) of 0.24. Analysts have given the company’s stock an average 52-week price target of $12, forecast between a low of $11 and high of $14. Looking at the price targets, the low is -71.34% off current price level while to achieve the yearly target high, price needs to move -118.07%. Nonetheless, investors will most likely welcome a -86.92% jump to $12 which is the analysts’ median price.
If we refocus on New York Mortgage Trust Inc (NASDAQ:NYMT), historical trading data shows that trading volumes averaged 828.15K over the past 3 months. The company’s latest data on shares outstanding shows there are 90.53 million shares.
The 7.31% of New York Mortgage Trust Inc’s shares are in the hands of company insiders while institutional holders own 57.25% of the company’s shares. Current price change has pushed the stock 5.94% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NYMT stock continues to rise going into the next quarter.
