The stock of American Strategic Investment Co (NYSE: NYC) has increased by 38.10 when compared to last closing price of 5.80.Despite this, the company has seen a gain of 34.40% in its stock price over the last five trading days. Business Wire reported 2024-04-25 that NEW YORK–(BUSINESS WIRE)–American Strategic Investment Co. (NYSE: NYC) (“ASIC” or the “Company”) announced today it will release its financial results as of, and for the first quarter ended March 31, 2024, on Friday, May 10, 2024, before the New York Stock Exchange open. The Company will also host a webcast and conference call the same day at 11:00 a.m. ET to review results and provide commentary on business performance. A question-and-answer session will follow the prepared remarks. Dial-in.
Is It Worth Investing in American Strategic Investment Co (NYSE: NYC) Right Now?
The 36-month beta value for NYC is at -0.09. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for NYC is 2.50M, and currently, shorts hold a 0.33% of that float. The average trading volume for NYC on May 08, 2024 was 2.48K shares.
NYC’s Market Performance
NYC’s stock has seen a 34.40% increase for the week, with a 23.27% rise in the past month and a 6.47% gain in the past quarter. The volatility ratio for the week is 9.89%, and the volatility levels for the past 30 days are at 5.34% for American Strategic Investment Co The simple moving average for the past 20 days is 32.94% for NYC’s stock, with a 8.26% simple moving average for the past 200 days.
NYC Trading at 23.55% from the 50-Day Moving Average
After a stumble in the market that brought NYC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.56% of loss for the given period.
Volatility was left at 5.34%, however, over the last 30 days, the volatility rate increased by 9.89%, as shares surge +19.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.53% upper at present.
During the last 5 trading sessions, NYC rose by +34.40%, which changed the moving average for the period of 200-days by -0.44% in comparison to the 20-day moving average, which settled at $6.09. In addition, American Strategic Investment Co saw 0.50% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NYC starting from SCHORSCH NICHOLAS S, who purchase 1,000 shares at the price of $8.08 back on Jan 10 ’24. After this action, SCHORSCH NICHOLAS S now owns 785,195 shares of American Strategic Investment Co, valued at $8,080 using the latest closing price.
SCHORSCH NICHOLAS S, the 10% Owner of American Strategic Investment Co, purchase 1,536 shares at $7.96 during a trade that took place back on Nov 17 ’23, which means that SCHORSCH NICHOLAS S is holding 784,195 shares at $12,227 based on the most recent closing price.
Stock Fundamentals for NYC
Current profitability levels for the company are sitting at:
- -0.59 for the present operating margin
- 0.26 for the gross margin
The net margin for American Strategic Investment Co stands at -1.59. The total capital return value is set at -0.05. Equity return is now at value -40.29, with -14.27 for asset returns.
Based on American Strategic Investment Co (NYC), the company’s capital structure generated 0.64 points at debt to capital in total, while cash flow to debt ratio is standing at -0.02. The debt to equity ratio resting at 1.76. The interest coverage ratio of the stock is -3.95.
Currently, EBITDA for the company is 6.0 million with net debt to EBITDA at -42.42. When we switch over and look at the enterprise to sales, we see a ratio of 7.33. The receivables turnover for the company is 2.04for trailing twelve months and the total asset turnover is 0.09.
Conclusion
In conclusion, American Strategic Investment Co (NYC) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
