New York Mortgage Trust Inc (NASDAQ: NYMT) is 4.79% higher on its value in year-to-date trading and has touched a low of $5.01 and a high of $7.18 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NYMT stock was last observed hovering at around $5.87 in the last trading session, with the day’s gains setting it 0.48%.
Currently trading at $6.35, the stock is 12.82% and 0.81% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.82 million and changing 8.18% at the moment leaves the stock 2.86% off its SMA200. NYMT registered -8.96% loss for a year compared to 6-month gain of 20.27%. The firm has a 50-day simple moving average (SMA 50) of $6.2994 and a 200-day simple moving average (SMA200) of $6.1732.
The stock witnessed a -2.16% loss in the last 1 month and extending the period to 3 months gives it a 5.13%, and is 13.60% up 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 4.43% over the week and 5.37% over the month.
New York Mortgage Trust Inc (NYMT) has around 70 employees, a market worth around $573.39M and $523.85M in sales. Fwd P/E is 8.05. Profit margin for the company is -19.81%. Distance from 52-week low is 26.62% and -11.55% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.10%).
The EPS is expected to grow by 159.76% this year
233.0 institutions hold shares in New York Mortgage Trust Inc (NYMT), with institutional investors hold 65.02% of the company’s shares. The shares outstanding are 90.57M, and float is at 83.94M with Short Float at 1.94%. Institutions hold 60.32% 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 16.5719 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 6.7659 of the shares outstanding. The other top investors are ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC which holds 3.61 million shares representing 3.9702 and valued at over $21.1 million, while STATE STREET CORP holds 3.7815 of the shares totaling 3.44 million with a market value of $20.77 million.
