Market Analysts see New York Mortgage Trust Inc. [NYMT] gaining to $4.50. Time to buy?



New York Mortgage Trust Inc. [NASDAQ: NYMT] traded at a high on 05/03/22, posting a 4.67 gain after which it closed the day’ session at $3.36. The company report on May 3, 2022 that New York Mortgage Trust Reports First Quarter 2022 Results.

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New York Mortgage Trust, Inc. (Nasdaq: NYMT) (“NYMT,” the “Company,” “we,” “our” or “us”) today reported results for the three months ended March 31, 2022.

Summary of First Quarter 2022: (dollar amounts in thousands, except per share data).

The results of the trading session contributed to over 4016905 shares changing hands. Over the past one week, the price volatility of New York Mortgage Trust Inc. stands at 4.48% while the volatility over the past one month is 3.37%.

The market cap for NYMT stock reached $1.31 billion, with 379.35 million shares outstanding and 379.03 million shares in the current float. Compared to the average trading volume of 3.70M shares, NYMT reached a trading volume of 4016905 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus 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 $4.29 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 2.60. 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.

Keefe Bruyette have made an estimate for New York Mortgage Trust Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 23, 2022. The new note on the price target was released on May 17, 2021, representing the official price target for New York Mortgage Trust Inc. stock. Previously, the target price had yet another raise to $6, while B. Riley Securities analysts kept a Buy rating on NYMT stock.

The Average True Range (ATR) for New York Mortgage Trust Inc. is set at 0.11, with the Price to Sales ratio for NYMT stock in the period of the last 12 months amounting to 3.45. The Price to Book ratio for the last quarter was 0.71, with the Price to Cash per share for the same quarter was set at 0.74.

How has NYMT stock performed recently?

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 7.01. With this latest performance, NYMT shares dropped by -7.95% in over the last four-week period, additionally sinking by -25.33% over the last 6 months – not to mention a drop of -26.15% 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 48.20, with the RSI for the last a single of trading hit 53.10, and the three-weeks RSI is set at 46.09 for New York Mortgage Trust Inc. [NYMT]. The present Moving Average for the last 50 days of trading for this stock 3.51, while it was recorded at 3.25 for the last single week of trading, and 3.94 for the last 200 days.

New York Mortgage Trust Inc. [NYMT]: Deeper insight into the 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 +96.42 and a Gross Margin at +77.37. New York Mortgage Trust Inc.’s Net Margin is presently recorded at +78.74.

Return on Equity for this stock inclined to 8.32, with Return on Assets sitting at 3.75.

Earnings analysis for New York Mortgage Trust Inc. [NYMT]

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%.

Insider trade positions for New York Mortgage Trust Inc. [NYMT]

There are presently around $674 million, or 56.70% of NYMT stock, in the hands of institutional investors. The top three institutional holders of NYMT stocks are: BLACKROCK INC. with ownership of 67,850,913, which is approximately 0.194% of the company’s market cap and around 0.80% of the total institutional ownership; VANGUARD GROUP INC, holding 24,698,833 shares of the stock with an approximate value of $79.28 million in NYMT stocks shares; and ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC, currently with $45.16 million in NYMT stock with ownership of nearly 29.611% of the company’s market capitalization.

Positions in New York Mortgage Trust Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 109 institutional holders increased their position in New York Mortgage Trust Inc. [NASDAQ:NYMT] by around 20,423,739 shares. Additionally, 118 investors decreased positions by around 27,090,985 shares, while 44 investors held positions by with 162,606,419 shares. The mentioned changes placed institutional holdings at 210,121,143 shares, according to the latest SEC report filing. NYMT stock had 33 new institutional investments in for a total of 3,030,806 shares, while 30 institutional investors sold positions of 5,569,997 shares during the same period.