New York Mortgage Trust Inc. (NASDAQ:NYMT) finished Thursday with a subtraction of -$0.1 to close at $2.62, a downside of -3.68 percent. An average of 4,337,180 shares of common stock have been traded in the last five days. There was a fall of -$0.16 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 2,986,775 shares traded, while the 50-day average volume stands at 2,756,618.
NYMT stock has decreased by -9.66% in the last month. The company shares reached their 1-month lowest point of $2.60 on 09/22/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $2.24 and a high of $4.50 in 52 weeks. It has reached a new high 2 times so far this year and lost -29.57% or -$1.10 in price. In spite of this, the price is down -41.78% from the 52-week high.
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New York Mortgage Trust Inc. (NYMT) stock’s beta is 1.73. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.82, the price-to-book (PB) ratio at 0.64.
Further, the company has a long term debt to equity ratio of 2.06 and a total debt to equity ratio of 3.15 for the quarter ending March 30. Its gross profit as reported stood at $190.93 million compared to revenue of $206.87 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, New York Mortgage Trust Inc.’s return on assets was -1.80%.
For the three-month period that ended March 30, New York Mortgage Trust Inc. had $1.86 billion in total debt. The analyst consensus anticipated New York Mortgage Trust Inc.’s latest quarter earnings to come in at $0.07 per share, but it turned out to be -$0.22, a -414.30% surprise. For the quarter, EBITDA amounted to -$31.11 million. At the end of the quarter ending March 30, New York Mortgage Trust Inc.’s stock balance sheet showed total debt was $4.06 billion. Shareholders own equity worth $377.72 million.
From a technical analysis perspective, let’s take a brief look at New York Mortgage Trust Inc. (NYMT) price momentum. RSI 9-day as of the close on 22 September was 29.35%, suggesting the stock is oversold, with historical volatility in this time frame at 29.43%.
As of today, NYMT’s price is $2.75 -5.76% or -$0.16 from its 5-day moving average. NYMT is currently trading -9.66% lower than its 20-day SMA and -18.63% lower than its 100-day SMA. However, the stock’s current price level is -7.09% below the SMA50 and -31.95% below the SMA200.
The stochastic %K and %D were 29.53% and 46.37%, respectively, and the average true range (ATR) was 0.09. With the 14-day stochastic at 6.45% and the average true range at 0.09, the RSI (14) stands at 34.64%. The stock has reached -0.07 on the 9-day MACD Oscillator while the 14-day reading was at -0.07.
Keefe Bruyette downgraded New York Mortgage Trust Inc. (NASDAQ: NYMT) to a a Mkt perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform.