New York Mortgage Trust Inc (NASDAQ:NYMT) shares, rose in value on Friday, May 30, with the stock price down by -2.39% to the previous day’s close as strong demand from buyers drove the stock to $6.53.
Actively observing the price movement in the last trading, the stock closed the session at $6.69. Referring to stock’s 52-week performance, its high was $7.27, and the low was $5.01. On the whole, NYMT has fluctuated by 11.24% over the past month.
With the market capitalization of New York Mortgage Trust Inc currently standing at about $589.65 million, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.80, with its dividend yield at 12.25%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NYMT’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of NYMT currently trading nearly -2.55% and 4.29% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.68, while the 7-day volatility ratio is showing 1.93% which for the 30-day chart, stands at 2.72%. Furthermore, New York Mortgage Trust Inc (NYMT)’s beta value is 1.33, and its average true range (ATR) is 0.22.
A comparison of New York Mortgage Trust Inc (NYMT) with its peers suggests the former has fared considerably weaker in the market. NYMT showed an intraday change of -2.39% in last session, and over the past year, it grew by 10.68%%.
Data on historical trading for New York Mortgage Trust Inc (NASDAQ:NYMT) indicates that the trading volumes over the past 3 months, they’ve averaged 799.00K. According to company’s latest data on outstanding shares, there are 90.53 million shares outstanding.
Nearly 7.31% of New York Mortgage Trust Inc’s shares belong to company insiders and institutional investors own 57.23% of the company’s shares. The stock has risen by 7.76% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NYMT stock heading into the next quarter.
