The stock of New York Mortgage Trust Inc. (NASDAQ:NYMT) decreased by -$0.41 on Wednesday to $9.18, down -4.28 percent. The last five days have seen an average of 958,085 shares of common stock traded. 19 times new highs were reached in the current year, with a fall of -$1.04. The average number of shares traded over the last 20 days was 659,091, while the average volume over the last 50 days totaled 602,290.
NYMT stock appreciated 3.15% since last month. On 08/21/23, the company’s shares reached a one-month low of $8.82. The stock touched a high of $12.96 on 02/02/23, after rallying from a low of $8.09 in 52 weeks. The price of NYMT stock has declined by -10.35% or -$1.04 this year, reaching a new high 19 times. Still, the stock price is down -29.17% from the 52-week high.
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Valuation Metrics
Beta for the stock is 1.79. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.80, the price-to-book (PB) ratio of 0.73.
Company paid $0.30 per share in dividends, remained unchanged from $0.30 last year. A $0.10 dividend decrease was reported on Tuesday June 6 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 2.19, and the total debt to equity ratio is 3.18. As far as profitability goes, gross margin for the trailing twelve months is 36.90% percent. Based on annual data, it had gross profit of -$340.11 million and revenue of $258.39 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. NYMT’s return on assets (ROA) during the last 12 months has been -3.20%. There was a -7.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -16.20%.
Earnings Surprise
According to New York Mortgage Trust Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that New York Mortgage Trust Inc.’s quarterly earnings would be -$0.41, but it ended up being $0.1. EBITDA was -$17.5 million for the quarter. At the end of New York Mortgage Trust Inc.’s most recent quarter ended June 29, its total debt was $3.68 billion. Equity owned by shareholders amounts to $91.25 million.
Technical Picture
Here’s a quick look at New York Mortgage Trust Inc.’s (NYMT) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 38.70%, suggesting the stock is Neutral, with a 24.74% historical volatility rate.
The stochastic %K and %D were 58.49% and 76.02% respectively, while the average true range (ATR) was 0.18. Based on the 14-day stochastic reading of 9.43%, the RSI (14) reading is 42.43%. On the 9-day MACD Oscillator, the stock is at 0.05, and the 14-day reading is at 0.07.
Analyst Ratings
New York Mortgage Trust Inc. (NASDAQ: NYMT) was downgraded by Ladenburg Thalmann to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned New York Mortgage Trust Inc. (NYMT) an Hold rating. NYMT is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is NYMT’s price target for the next 12 months?
The current consensus forecast for the stock is between $9.00 and $15.00, with a median target price of $11.13. In analyzing these forecasts, the average price target given by analysts for New York Mortgage Trust Inc. (NYMT) is $11.56.
