New Mountain Finance Corporation (NASDAQ:NMFC) traded with an addition of $0.05 to $12.90 on Thursday, an upside of 0.43 percent. An average of 344,062 shares of common stock have been traded in the last five days. There was a gain of $0.14 in the past week, and it reached a new high 20 times over the past 12 months. The last 20 days have seen an average of 337,726 shares traded, while the 50-day average volume stands at 316,994.
NMFC stock has increased by 0.90% in the last month. The company shares reached their 1-month lowest point of $12.46 on 09/14/23. With the stock rallying to its 52-week high on 08/07/23, shares of the company touched a low of $11.11 and a high of $13.16 in 52 weeks. It has reached a new high 16 times so far this year and achieved 4.90% or $0.55 in price. In spite of this, the price is down -1.93% from the 52-week high.
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Insider Transactions
NMFC stock investors should be aware that New Mountain Finance Corporation (NMFC) stock had its last reported insider trading activity 63 days ago on Jul 27.
Valuation Metrics
New Mountain Finance Corporation (NMFC) has a trailing price-to-earnings (P/E) ratio of 13.58, which compares with the N/A for the broader industry. The stock’s beta is 1.16. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.83, the price-to-book (PB) ratio at 0.98.
The company has a payout ratio of 163.77%. The company’s most recent quarterly dividend payment was $0.04 a share, representing a down of -88.57% from $0.35 last year. Its latest decrease dividend $0.31 reported on Thursday July 27 2023.
Financial Health
Its gross profit as reported stood at -$43.96 million compared to revenue of $294.63 million.
Earnings Surprise
The analyst consensus anticipated New Mountain Finance Corporation’s latest quarter earnings to come in at $0.38 per share, but it turned out to be $0.39, a 2.60% surprise. At the end of the quarter ending June 29, New Mountain Finance Corporation’s stock balance sheet showed total debt was $1.91 billion. Shareholders own equity worth $100.94 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at New Mountain Finance Corporation (NMFC) price momentum. RSI 9-day as of the close on 27 September was 58.00%, suggesting the stock is Neutral, with historical volatility in this time frame at 10.05%.
As of today, NMFC’s price is $12.83 +1.14% or $0.14 from its 5-day moving average. NMFC is currently trading +0.58% higher than its 20-day SMA and +11.24% higher than its 100-day SMA. However, the stock’s current price level is +2.26% above the SMA50 and +1.97% above the SMA200.
The stochastic %K and %D were 75.62% and 73.47%, respectively, and the average true range (ATR) was 0.15. With the 14-day stochastic at 89.22% and the average true range at 0.15, the RSI (14) stands at 55.93%. The stock has reached 0.00 on the 9-day MACD Oscillator while the 14-day reading was at 0.02.
Analyst Ratings
Wells Fargo downgraded New Mountain Finance Corporation (NASDAQ: NMFC) to a an Equal weight rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for New Mountain Finance Corporation (NMFC) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell NMFC, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.
What is NMFC’s price target for the next 12 months?
Analysts predict a range of price targets between $12.00 and $14.00, with a median target of $13.50. Taking a look at these predictions, the average price target given by analysts for New Mountain Finance Corporation (NMFC) stock is $13.21.
