New York Mortgage Trust Inc. [NASDAQ: NYMT] closed the trading session at $2.52 on 03/02/23. The day’s price range saw the stock hit a low of $2.49, while the highest price level was $2.55. The company report on February 22, 2023 that New York Mortgage Trust Reports Fourth Quarter and Full Year 2022 Results and Reverse Stock Split.
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Summary of Fourth Quarter and Full Year 2022: (dollar amounts in thousands, except per share data).
The stocks have a year to date performance of -1.56 percent and weekly performance of -7.69 percent. The stock has been moved at -10.32 percent over the last six months. The stock has performed -19.23 percent around the most recent 30 days and changed -8.36 percent over the most recent 3-months.
If compared to the average trading volume of 2.37M shares, NYMT reached to a volume of 3026665 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 $3.50 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.
Ladenburg Thalmann 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 February 24, 2023. The new note on the price target was released on July 18, 2022, representing the official price target for New York Mortgage Trust Inc. stock. Previously, the target price had yet another raise to $4.50, while Keefe Bruyette analysts kept a Outperform rating on NYMT stock.
The Average True Range (ATR) for New York Mortgage Trust Inc. is set at 0.09, with the Price to Sales ratio for NYMT stock in the period of the last 12 months amounting to 6.98. The Price to Book ratio for the last quarter was 0.69, with the Price to Cash per share for the same quarter was set at 0.92.
NYMT stock trade performance evaluation
New York Mortgage Trust Inc. [NYMT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.69. With this latest performance, NYMT shares dropped by -19.23% in over the last four-week period, additionally sinking by -10.32% over the last 6 months – not to mention a drop of -27.79% 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 26.81, with the RSI for the last a single of trading hit 19.82, and the three-weeks RSI is set at 32.68 for New York Mortgage Trust Inc. [NYMT]. The present Moving Average for the last 50 days of trading for this stock 2.87, while it was recorded at 2.61 for the last single week of trading, and 2.80 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 -45.91 and a Gross Margin at +35.48. New York Mortgage Trust Inc.’s Net Margin is presently recorded at -65.06.
Return on Equity for this stock declined to -14.54, with Return on Assets sitting at -5.03.
Earnings per share (EPS) analysis for New York Mortgage Trust Inc. [NYMT] stock
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 $503 million, or 55.20% of NYMT stock, in the hands of institutional investors. The top three institutional holders of NYMT stocks are: BLACKROCK INC. with ownership of 65,364,742, which is approximately -0.467% of the company’s market cap and around 1.38% of the total institutional ownership; VANGUARD GROUP INC, holding 24,967,740 shares of the stock with an approximate value of $62.92 million in NYMT stocks shares; and STATE STREET CORP, currently with $38.36 million in NYMT stock with ownership of nearly 3.722% of the company’s market capitalization.
Positions in New York Mortgage Trust Inc. stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 113 institutional holders increased their position in New York Mortgage Trust Inc. [NASDAQ:NYMT] by around 5,700,559 shares. Additionally, 94 investors decreased positions by around 7,306,051 shares, while 50 investors held positions by with 186,717,967 shares. The mentioned changes placed institutional holdings at 199,724,577 shares, according to the latest SEC report filing. NYMT stock had 31 new institutional investments in for a total of 1,587,678 shares, while 25 institutional investors sold positions of 1,074,824 shares during the same period.