As of Friday close, New York Mortgage Trust Inc.’s (NASDAQ:NYMT) stock traded at $8.85. The average number of shares traded per day over the past five days has been 578,400 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.20 fall in that time frame. In the last twenty days, the average volume was 611,995, while in the previous 50 days, it was 595,892.
Since last month, NYMT stock retreated -14.33%. Shares of the company fell to $8.74 on 08/18/23, the lowest level in the past month. A 52-week high of $12.96 was reached on 02/02/23 after having rallying from a 52-week low of $8.09. Since the beginning of this year, NYMT’s stock price has dropped by -13.57% or -$1.39, and marked a new high 19 times. However, the stock has declined by -31.71% since its 52-week high.
Valuation Metrics
The stock’s beta is 1.80. Besides these, the trailing price-to-sales (P/S) ratio of 2.72, the price-to-book (PB) ratio of 0.70.
The latest dividend of $0.30 per share was paid out, which is -25.0% less than last year’s $0.40. On Tuesday June 6 2023, a $0.10 dividend decrease was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 2.19, and the total debt-to-equity ratio was 3.18. On the profitability front, the trailing twelve-month gross margin is 36.90% percent. Based on annual data, NYMT earned -$340.11 million in gross profit and brought in $258.39 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -7.40%. Return on equity (ROE) for the past 12 months was -16.20%.
In New York Mortgage Trust Inc.’s quarter-end financial report for June 29, it reported total debt of $2.03 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected New York Mortgage Trust Inc. to report $0.1 quarterly earnings, the actual figure was -$0.41 per share. During the quarter, the company generated -$17.5 million in EBITDA. The value of shareholders’ equity is $91.25 million.
Technical Picture
This quick technical analysis looks at New York Mortgage Trust Inc.’s (NYMT) price momentum. With a historical volatility rate of 6.02%, the RSI 9-day stood at 17.01% on 18 August.
With respect to its five-day moving average, the current New York Mortgage Trust Inc. price is down by -2.21% percent or -$0.20. At present, NYMT shares trade -14.41% below its 20-day simple moving average and -5.65% percent below its 100-day simple moving average. However, the stock is currently trading approximately -10.97% below its SMA50 and -17.75% below its SMA200.
Stochastic coefficient K was 5.86% and Stochastic coefficient D was 5.97%, while ATR was 0.18. Given the Stochastic reading of 7.77% for the 14-day period, the RSI (14) reading has been calculated as 24.32%. As of today, the MACD Oscillator reading stands at -0.10, while the 14-day reading stands at -0.29.
Analyst Ratings
New York Mortgage Trust Inc. downgraded its rating on New York Mortgage Trust Inc. (NASDAQ: NYMT) to a Neutral in a note to investors on February 24, 2023. The analysts firm previously had a Buy rating on the stock.New York Mortgage Trust Inc. (NYMT) has been rated Hold by analysts. According to 0 brokerage firms, NYMT is a sell, and 5 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate New York Mortgage Trust Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $12.00, the current consensus forecast for the stock is $9.00 – $15.00. Based on these forecasts, analysts predict New York Mortgage Trust Inc. (NYMT) will achieve an average price target of $11.65.
