New York Mortgage Trust Inc. [NYMT] is -39.49% lower this YTD. Is it still time to buy?

New York Mortgage Trust Inc. [NASDAQ: NYMT] closed the trading session at $3.77 on 11/25/20. The day’s price range saw the stock hit a low of $3.64, while the highest price level was $3.80. The company report on November 6, 2020 that New York Mortgage Trust Reports Third Quarter 2020 Results.

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New York Mortgage Trust, Inc. (Nasdaq: NYMT) (“NYMT,” the “Company,” “we,” “our” or “us”) reported results for the third quarter of 2020.

Summary of Third Quarter 2020: (dollar amounts in thousands, except per share data).

The stocks have a year to date performance of -39.49 percent and weekly performance of 13.90 percent. The stock has been moved at 81.25 percent over the last six months. The stock has performed 42.26 percent around the most recent 30 days and changed 38.10 percent over the most recent 3-months.

If compared to the average trading volume of 3.54M shares, NYMT reached to a volume of 4837859 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about New York Mortgage Trust Inc. [NYMT]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NYMT shares is $3.39 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NYMT stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BTIG Research have made an estimate for New York Mortgage Trust Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 24, 2020. The new note on the price target was released on November 11, 2020, representing the official price target for New York Mortgage Trust Inc. stock.

The Average True Range (ATR) for New York Mortgage Trust Inc. is set at 0.15, with the Price to Sales ratio for NYMT stock in the period of the last 12 months amounting to 10.34. The Price to Book ratio for the last quarter was 0.81, with the Price to Cash per share for the same quarter was set at 1.75.

NYMT stock trade performance evaluation

New York Mortgage Trust Inc. [NYMT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 13.90. With this latest performance, NYMT shares gained by 42.26% in over the last four-week period, additionally plugging by 81.25% over the last 6 months – not to mention a drop of -38.50% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NYMT stock in for the last two-week period is set at 84.02, with the RSI for the last a single of trading hit 89.01, and the three-weeks RSI is set at 77.98 for New York Mortgage Trust Inc. [NYMT]. The present Moving Average for the last 50 days of trading for this stock 2.79, while it was recorded at 3.55 for the last single week of trading, and 2.81 for the last 200 days.

New York Mortgage Trust Inc. [NYMT]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and New York Mortgage Trust Inc. [NYMT] shares currently have an operating margin of +23.08 and a Gross Margin at +98.04. New York Mortgage Trust Inc.’s Net Margin is presently recorded at +23.12.

Return on Total Capital for NYMT is now 0.91, given the latest momentum, and Return on Invested Capital for the company is 1.06. Return on Equity for this stock inclined to 10.26, with Return on Assets sitting at 0.91. When it comes to the capital structure of this company, New York Mortgage Trust Inc. [NYMT] has a Total Debt to Total Equity ratio set at 957.09. Additionally, NYMT Total Debt to Total Capital is recorded at 90.54, with Total Debt to Total Assets ending up at 89.90. Long-Term Debt to Equity for the company is recorded at 1,063.91, with the Long-Term Debt to Total Capital now at 77.61.

Reflecting on the efficiency of the workforce at the company, New York Mortgage Trust Inc. [NYMT] managed to generate an average of $3,158,836 per employee. Receivables Turnover for the company is 18.08 with a Total Asset Turnover recorded at a value of 0.04.

Earnings per share (EPS) analysis for New York Mortgage Trust Inc. [NYMT] stock

With the latest financial reports released by the company, New York Mortgage Trust Inc. posted 0.2/share EPS, while the average EPS was predicted by analysts to be reported at 0.17/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 17.60%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NYMT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for New York Mortgage Trust Inc. go to 6.59%.

New York Mortgage Trust Inc. [NYMT]: Insider Ownership positions

There are presently around $762 million, or 54.40% of NYMT stock, in the hands of institutional investors. The top three institutional holders of NYMT stocks are: BLACKROCK INC. with ownership of 65,467,926, which is approximately -0.344% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 21,923,811 shares of the stock with an approximate value of $82.65 million in NYMT stocks shares; and STATE STREET CORP, currently with $47.58 million in NYMT stock with ownership of nearly -2.95% of the company’s market capitalization.

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Positions in New York Mortgage Trust Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 95 institutional holders increased their position in New York Mortgage Trust Inc. [NASDAQ:NYMT] by around 17,171,884 shares. Additionally, 103 investors decreased positions by around 15,801,530 shares, while 41 investors held positions by with 169,032,281 shares. The mentioned changes placed institutional holdings at 202,005,695 shares, according to the latest SEC report filing. NYMT stock had 35 new institutional investments in for a total of 3,684,756 shares, while 29 institutional investors sold positions of 1,550,663 shares during the same period.

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