New York Community Bancorp Inc. (NYSE:NYCB) traded at $11.22 at last check on Wednesday, July 24, made a downward move of -2.65% on its previous day’s price.
Looking at the stock we see that its previous close was $11.52 . In terms of its 52-week price range, NYCB has a high of $42.66 and a low of $5.10. The company’s stock has gained about 20.59% over that past 30 days.
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New York Community Bancorp Inc. has a market cap of $3.94 billion. With its Forward Dividend at 1.20 and a yield of 10.70%, the company’s investors could be anxious for the NYCB stock to gain ahead of the earnings release.
Based on estimates by 2 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the New York Community Bancorp Inc. (NYCB) stock as a Hold, while 1 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 8.54% off its SMA20 and 11.17% from its 50-day simple moving average. The RSI (14) is pointing at 58.68 while the volatility over the past week is 8.01% and jumps to 6.44% over the past one month. The beta value is 0.99, while the average true range (ATR) is currently pointing at 0.67. The average price target for the stock over the next 12 months is $3.75, with the estimates having a low of $3.5 and a high of $9. These price ends are 68.81% and 19.79% off the today’s price level respectively, although investors could be excited at the prospect of a 66.58% if the NYCB share price touches on the median price of $3.75.
Coming back to New York Community Bancorp Inc. (NYSE:NYCB), we note that the average 3-month trading volume was 6.22 million, while that of the preceding 10-day period stands at 8.09 million. Current shares outstanding are 351.31 million.
The insiders hold 12.98% of the company’s shares while institutions hold 38.64%. The data shows that short shares as of 2024-06-28, stood at 31.76 million at a short ratio of 5.27. This represents a 10.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.31999960000000110.319999600000001 short interest in shares outstanding on 2024-06-28. Shares short rose in June from the previous month at 29.4 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -63.46% down in year-to-date price movement.