New Mountain Finance Corp (NASDAQ:NMFC) shares, rose in value, with the stock price up by 0.25% to the previous day’s close as strong demand from buyers drove the stock to $12.24.
Actively observing the price movement in the last trading, the stock closed the session at $12.21. The PE ratio was 11.13 over 12-month period. Referring to stock’s 52-week performance, its high was $13.04, and the low was $11.87. On the whole, NMFC has fluctuated by -2.24% over the past month.
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The company’s Forward Dividend Ratio is 1.27, with its dividend yield at 10.38%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NMFC’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 7.47, with the price of NMFC currently trading nearly -1.34% and -2.19% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 38.67, while the 7-day volatility ratio is showing 1.03% which for the 30-day chart, stands at 0.88%. Furthermore, New Mountain Finance Corp (NMFC)’s beta value is 1.19, and its average true range (ATR) is 0.12.
A comparison of New Mountain Finance Corp (NMFC) with its peers suggests the former has fared considerably weaker in the market. NMFC showed an intraday change of 0.25% in last session, and over the past year, it grew by 1.55%%.
Data on historical trading for New Mountain Finance Corp (NASDAQ:NMFC) indicates that the trading volumes over the past 3 months, they’ve averaged 380.06K. According to company’s latest data on outstanding shares, there are 106.29 million shares outstanding.
Nearly 10.38% of New Mountain Finance Corp’s shares belong to company insiders and institutional investors own 39.63% of the company’s shares. The stock has fallen by -3.32% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NMFC stock heading into the next quarter.
