New York Mortgage Trust Inc (NASDAQ: NYMT) has seen a rise in its stock price by 0.27 in relation to its previous close of 7.31. However, the company has experienced a 3.24% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2024-03-21 that We’re starting with our latest purchase, then moving onto some charts. Our charts help readers track the sector for both common shares and preferred shares. Mortgage REITs and BDCs are included in the charts for comparison based on various metrics such as price-to-book value, dividend yields, and earnings yield.
Is It Worth Investing in New York Mortgage Trust Inc (NASDAQ: NYMT) Right Now?
The 36-month beta value for NYMT is also noteworthy at 1.93. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 4 rating it as “hold,” and 1 rating it as “sell.”
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The public float for NYMT is 89.80M, and at present, short sellers hold a 2.06% of that float. The average trading volume of NYMT on March 22, 2024 was 598.75K shares.
NYMT’s Market Performance
NYMT’s stock has seen a 3.24% increase for the week, with a -0.81% drop in the past month and a -17.92% fall in the past quarter. The volatility ratio for the week is 2.19%, and the volatility levels for the past 30 days are at 2.23% for New York Mortgage Trust Inc The simple moving average for the past 20 days is 2.25% for NYMT’s stock, with a -14.45% simple moving average for the past 200 days.
Analysts’ Opinion of NYMT
Many brokerage firms have already submitted their reports for NYMT stocks, with UBS repeating the rating for NYMT by listing it as a “Neutral.” The predicted price for NYMT in the upcoming period, according to UBS is $8.50 based on the research report published on December 06, 2023 of the previous year 2023.
Keefe Bruyette gave a rating of “Mkt Perform” to NYMT, setting the target price at $3 in the report published on July 18th of the previous year.
NYMT Trading at -3.82% 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 -28.82% of loss for the given period.
Volatility was left at 2.23%, however, over the last 30 days, the volatility rate increased by 2.19%, as shares surge +1.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.05% lower at present.
During the last 5 trading sessions, NYMT rose by +3.24%, which changed the moving average for the period of 200-days by -27.50% in comparison to the 20-day moving average, which settled at $7.17. In addition, New York Mortgage Trust Inc saw -14.07% 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:
- -0.32 for the present operating margin
- -0.4 for the gross margin
The net margin for New York Mortgage Trust Inc stands at -0.37. The total capital return value is set at -0.01. Equity return is now at value -2.91, with -0.71 for asset returns.
Based on New York Mortgage Trust Inc (NYMT), the company’s capital structure generated 0.77 points at debt to capital in total, while cash flow to debt ratio is standing at 0.01. The debt to equity ratio resting at 3.34. The interest coverage ratio of the stock is -0.3.
Currently, EBITDA for the company is 206.44 million with net debt to EBITDA at 78.32. When we switch over and look at the enterprise to sales, we see a ratio of 31.42. The receivables turnover for the company is 2.15for trailing twelve months and the total asset turnover is 0.02.
Conclusion
In summary, New York Mortgage Trust Inc (NYMT) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. 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.
