In the past week, NYMT stock has gone down by -4.74%, with a monthly decline of -24.04% and a quarterly plunge of -20.34%. The volatility ratio for the week is 5.63%, and the volatility levels for the last 30 days are 3.64% for New York Mortgage Trust Inc. The simple moving average for the last 20 days is -12.69% for NYMT stock, with a simple moving average of -17.50% for the last 200 days.
Is It Worth Investing in New York Mortgage Trust Inc. (NASDAQ: NYMT) Right Now?
Moreover, the 36-month beta value for NYMT is 1.88.
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The public float for NYMT is 90.09M and currently, short sellers hold a 2.53% of that float. On March 15, 2023, NYMT’s average trading volume was 656.98K shares.
NYMT) stock’s latest price update
New York Mortgage Trust Inc. (NASDAQ: NYMT)’s stock price has decreased by -1.56 compared to its previous closing price of 9.29. However, the company has seen a fall of -4.74% in its stock price over the last five trading days.
Analysts’ Opinion of NYMT
In the past week, NYMT stock has gone down by -4.74%, with a monthly decline of -24.04% and a quarterly plunge of -20.34%. The volatility ratio for the week is 5.63%, and the volatility levels for the last 30 days are 3.64% for New York Mortgage Trust Inc. The simple moving average for the last 20 days is -12.69% for NYMT stock, with a simple moving average of -17.50% for the last 200 days.
Analysts’ Opinion of NYMT
Keefe Bruyette, on the other hand, stated in their research note that they expect to see NYMT reach a price target of $3. The rating they have provided for NYMT stocks is “Mkt Perform” according to the report published on July 18th, 2022.
Keefe Bruyette gave a rating of “Outperform” to NYMT, setting the target price at $4.50 in the report published on February 23rd of the previous year.
NYMT Trading at -18.51% 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 -39.03% of loss for the given period.
Volatility was left at 3.64%, however, over the last 30 days, the volatility rate increased by 5.63%, as shares sank -21.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.47% lower at present.
During the last 5 trading sessions, NYMT fell by -3.44%, which changed the moving average for the period of 200-days by -23.26% in comparison to the 20-day moving average, which settled at $10.35. In addition, New York Mortgage Trust Inc. saw -10.69% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for NYMT
Current profitability levels for the company are sitting at:
- -58.91 for the present operating margin
- +29.44 for the gross margin
The net margin for New York Mortgage Trust Inc. stands at -70.63. Equity return is now at value -23.30, with -5.10 for asset returns.
Conclusion
To wrap up, the performance of New York Mortgage Trust Inc. (NYMT) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
