New York Mortgage Trust Inc (NASDAQ:NYMT) price on current trading day, rose 2.10% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $6.31.
A look at the stock’s price movement, the close in the last trading session was $6.18, moving within a range at $6.195 and $6.32. The beta value (5-Year monthly) was 1.983. Turning to its 52-week performance, $9.67 and $5.14 were the 52-week high and 52-week low respectively. Overall, NYMT moved 8.79% over the past month.
New York Mortgage Trust Inc’s market cap currently stands at around $583.58 million, with investors looking forward to this quarter’s earnings report slated for in January. The company has a Forward Dividend ratio of 0.80, with its dividend yield at 12.68%. 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 22.77M for the company’s revenue for the quarter, with a low and high estimate of 16.48M and 28.91M respectively. The average forecast suggests up to a 35.54% 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 78.96M, representing a 18.69% 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 Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in Hold 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 4.89% and 8.63% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 62.96, while 7-day volatility ratio is 2.42% and 2.75% in the 30-day chart. Further, New York Mortgage Trust Inc (NYMT) has a beta value of 1.96, and an average true range (ATR) of 0.17. Analysts have given the company’s stock an average 52-week price target of $13, forecast between a low of $11 and high of $48. Looking at the price targets, the low is -74.33% off current price level while to achieve the yearly target high, price needs to move -660.7%. Nonetheless, investors will most likely welcome a -106.02% jump to $13 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 0.75 over the past 10 days and 725.35K over the past 3 months. The company’s latest data on shares outstanding shows there are 90.58 million shares.
The 1.80% of New York Mortgage Trust Inc’s shares are in the hands of company insiders while institutional holders own 58.50% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.64 million on 2024-11-15, giving us a short ratio of 3.0. The data shows that as of 2024-11-15 short interest in New York Mortgage Trust Inc (NYMT) stood at 356.0 of shares outstanding, with shares short rising to 2.5 million registered in 2024-10-15. Current price change has pushed the stock -26.03% 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.