The stock price of New York Mortgage Trust Inc (NASDAQ: NYMT) has dropped by -2.65 compared to previous close of 6.04. Despite this, the company has seen a fall of -8.70% in its stock price over the last five trading days. globenewswire.com reported 2024-12-10 that NEW YORK, Dec. 10, 2024 (GLOBE NEWSWIRE) — New York Mortgage Trust, Inc. (Nasdaq: NYMT) (the “Company”) announced today that its Board of Directors (the “Board”) declared a regular quarterly cash dividend of $0.20 per share on shares of its common stock for the quarter ending December 31, 2024. The dividend will be payable on January 23, 2025 to common stockholders of record as of the close of business on December 20, 2024.
Is It Worth Investing in New York Mortgage Trust Inc (NASDAQ: NYMT) Right Now?
Moreover, the 36-month beta value for NYMT is 1.94. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 6 as “hold,” and 0 as “sell.”
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The public float for NYMT is 88.95M and currently, short sellers hold a 2.83% of that float. On December 20, 2024, NYMT’s average trading volume was 781.40K shares.
NYMT’s Market Performance
NYMT stock saw a decrease of -8.70% in the past week, with a monthly decline of -1.01% and a quarterly a decrease of -12.76%. The volatility ratio for the week is 3.92%, and the volatility levels for the last 30 days are 2.91% for New York Mortgage Trust Inc (NYMT). The simple moving average for the past 20 days is -5.56% for NYMT’s stock, with a -7.07% simple moving average for the past 200 days.
Analysts’ Opinion of NYMT
Many brokerage firms have already submitted their reports for NYMT stocks, with Janney repeating the rating for NYMT by listing it as a “Neutral.” The predicted price for NYMT in the upcoming period, according to Janney is $7 based on the research report published on August 13, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see NYMT reach a price target of $8.50. The rating they have provided for NYMT stocks is “Neutral” according to the report published on December 06th, 2023.
NYMT Trading at -0.06% 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 -34.81% of loss for the given period.
Volatility was left at 2.91%, however, over the last 30 days, the volatility rate increased by 3.92%, 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 +4.44% upper at present.
During the last 5 trading sessions, NYMT fell by -8.70%, which changed the moving average for the period of 200-days by -16.60% in comparison to the 20-day moving average, which settled at $6.23. In addition, New York Mortgage Trust Inc saw -31.07% 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:
- -0.06 for the present operating margin
- 0.4 for the gross margin
The net margin for New York Mortgage Trust Inc stands at 0.0. The total capital return value is set at -0.0. Equity return is now at value 0.75, with 0.14 for asset returns.
Based on New York Mortgage Trust Inc (NYMT), the company’s capital structure generated 0.71 points at debt to capital in total, while cash flow to debt ratio is standing at -0.0. The debt to equity ratio resting at 2.42. The interest coverage ratio of the stock is -0.07.
Currently, EBITDA for the company is 206.44 million with net debt to EBITDA at 30.42. When we switch over and look at the enterprise to sales, we see a ratio of 10.8. The receivables turnover for the company is 2.92for trailing twelve months and the total asset turnover is 0.04.
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.
