New Mountain Finance Corp (NASDAQ:NMFC) concluded the trading at $11.32 on current market day with a rise of 2.07% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $11.09 and 5Y monthly beta was reading 1.191 with its price kept floating in the range of $11.05 and $11.3756 on the day. Company’s P/E ratio for the trailing 12 months is 10.88. Considering stock’s 52-week price range provides that NMFC hit a high price of $13.02 and saw its price falling to a low level of $10.61 during that period. Over a period of past 1-month, stock came subtracting -3.17% in its value.
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With its current market valuation of $1.22 billion, New Mountain Finance Corp is set to declare its quarterly results on 2025-Feb-24. NMFC Stock’s Forward Dividend of 1.27 and its yield of 11.25% are making investors’ thoughts stronger that it could climb further before the company announces its earnings for the current quarter.
In contrast, when we review NMFC stock’s current outlook then short term indicators are assigning it an average of 100% Sell, while medium term indicators are categorizing the stock at an average of 100% Sell. Long term indicators are suggesting an average of 100% Sell for it.
According to ratings assigned by 1 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; 1 of them are recommending New Mountain Finance Corp (NMFC) as a Hold, while 0 are in view that stock is a Buy. Recommendation by 0 analysts for the stock is an Underweight while number of those analysts who rated the stock as an Overweight is 0, whereas 0 of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Overweight and that encourages the investors to exploit the opportunity and build their stake up in the company.
Digging deeper we become aware of the PEG ratio of the NMFC stock which is currently positioned at 7.31. It further provides that stock’s current price level is -0.52% away from its 20-day simple moving average and is -3.60% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 46.67 while volatility remained at 2.50% over the past week which changes to 1.58% when measuring it over the past month. Beta is valued at 1.18, while measure of average true range or ATR is currently at 0.20.
Having a second look at New Mountain Finance Corp (NASDAQ:NMFC) provides that stock’s average daily trading volume for 3 months was 440.95K, while it jumped to 963000 when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 107.85 million.
The percentage of outstanding shares held by the insiders is 10.23% while it is 36.78% for the institutional holders. The figures also indicate that as of 2024-10-15, number of stock’s short shares was 1.72 million which implies a short ratio of 3.98. This shows down a 177.00 of Short Interest in company’s outstanding shares on the day. In October the standing of shares short improved as it was 1.95 million in the previous month. Subtraction of -10.44% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.
