New York Mortgage Trust Inc. (NASDAQ:NYMT) went down by -1.33% from its latest closing price compared to the recent 1-year high of $4.78. Press Release reported on 05/06/21 that New York Mortgage Trust Reports First Quarter 2021 Results
Is It Worth Investing in New York Mortgage Trust Inc. (NASDAQ :NYMT) Right Now?
New York Mortgage Trust Inc. (NASDAQ:NYMT) scored a price-to-earnings ratio above its average ratio, recording 5.52 x from its present earnings ratio. Plus, the 36-month beta value for NYMT is at 1.98. Opinions of the stock are interesting as 4 analysts out of 9 who provided ratings for New York Mortgage Trust Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 4 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $4.81, which is $0.36 above the current price. NYMT currently public float of 376.24M and currently shorts hold a 2.41% ratio of that float. Today, the average trading volume of NYMT was 3.37M shares.
NYMT’s Market Performance
NYMT stocks went down by 0.00% for the week, with a monthly drop of -2.84% and a quarterly performance of 4.71%, while its annual performance rate touched 106.98%. The volatility ratio for the week stands at 2.32% while the volatility levels for the past 30 days are set at 2.34% for New York Mortgage Trust Inc.. The simple moving average for the period of the last 20 days is -1.31% for NYMT stocks with a simple moving average of 23.43% for the last 200 days.
Analysts’ Opinion of NYMT
Many brokerage firms have already submitted their reports for NYMT stocks, with BofA Securities repeating the rating for NYMT by listing it as a “Underperform.” The predicted price for NYMT in the upcoming period, according to BofA Securities is $4.50 based on the research report published on May 17th of the current year 2021.
B. Riley Securities, on the other hand, stated in their research note that they expect to see NYMT reach a price target of $6. The rating they have provided for NYMT stocks is “Buy” according to the report published on May 12th, 2021.
NYMT Trading at -1.51% from the 50-Day Moving Average
After a stumble in the market that brought NYMT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.90% of loss for the given period.
Volatility was left at 2.34%, however, over the last 30 days, the volatility rate increased by 2.32%, as shares sank -2.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.22% lower at present.
During the last 5 trading sessions, NYMT remain unchanged, which changed the moving average for the period of 200-days by +60.65% in comparison to the 20-day moving average, which settled at $4.50. In addition, New York Mortgage Trust Inc. saw 20.60% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for NYMT
Equity return is now at value 17.70, with 6.70 for asset returns.