New York Mortgage Trust Inc (NASDAQ: NYMT) is -31.07% lower on its value in year-to-date trading and has touched a low of $5.14 and a high of $9.02 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NYMT stock was last observed hovering at around $6.04 in the last trading session, with the day’s loss setting it -0.16%.
Currently trading at $5.88, the stock is -5.56% and -0.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.1 million and changing -2.65% at the moment leaves the stock -7.07% off its SMA200. NYMT registered -34.15% loss for a year compared to 6-month loss of -5.77%. The firm has a 50-day simple moving average (SMA 50) of $5.8836 and a 200-day simple moving average (SMA200) of $6.32735.
The stock witnessed a -1.01% gain in the last 1 month and extending the period to 3 months gives it a -12.76%, and is -8.70% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.92% over the week and 2.91% over the month.
New York Mortgage Trust Inc (NYMT) has around 79 employees, a market worth around $532.61M and $460.15M in sales. Fwd P/E is 10.57. Profit margin for the company is -6.63%. Distance from 52-week low is 14.40% and -34.81% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.62%).
The EPS is expected to grow by 32.15% this year
223.0 institutions hold shares in New York Mortgage Trust Inc (NYMT), with institutional investors hold 60.04% of the company’s shares. The shares outstanding are 90.58M, and float is at 88.95M with Short Float at 2.83%. Institutions hold 59.10% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 15.08 million shares valued at $88.06 million. The investor’s holdings represent 16.5486 of the NYMT Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 6.16 million shares valued at $35.95 million to account for 6.7564 of the shares outstanding. The other top investors are ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC which holds 3.61 million shares representing 3.9646 and valued at over $21.1 million, while STATE STREET CORP holds 3.7761 of the shares totaling 3.44 million with a market value of $20.77 million.
