For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
The closing price of New York Mortgage Trust Inc (NASDAQ: NYMT) was $7.22 for the day, up 2.27% from the previous closing price of $7.06. In other words, the price has increased by $2.27 from its previous closing price. On the day, 0.43 million shares were traded. NYMT stock price reached its highest trading level at $7.23 during the session, while it also had its lowest trading level at $7.07.
Ratios:
Our analysis of NYMT’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.44 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.49. For the most recent quarter (mrq), Quick Ratio is recorded 0.07 and its Current Ratio is at 0.07. In the meantime, Its Debt-to-Equity ratio is 6.46 whereas as Long-Term Debt/Eq ratio is at 2.91.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Janney on August 13, 2024, initiated with a Neutral rating and assigned the stock a target price of $7.
On December 06, 2023, UBS started tracking the stock assigning a Neutral rating and target price of $8.50.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NYMT now has a Market Capitalization of 652067072 and an Enterprise Value of 9968930816. As of this moment, New’s Price-to-Earnings (P/E) ratio for their current fiscal year is 38.04, and their Forward P/E ratio for the next fiscal year is 8.27. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.12 while its Price-to-Book (P/B) ratio in mrq is 0.77. Its current Enterprise Value per Revenue stands at 48.534.
Stock Price History:
The Beta on a monthly basis for NYMT is 1.36, which has changed by 0.11937988 over the last 52 weeks, in comparison to a change of 0.16844666 over the same period for the S&P500. Over the past 52 weeks, NYMT has reached a high of $7.27, while it has fallen to a 52-week low of $5.01. The 50-Day Moving Average of the stock is 6.47%, while the 200-Day Moving Average is calculated to be 12.71%.
Shares Statistics:
NYMT traded an average of 647.64K shares per day over the past three months and 520240 shares per day over the past ten days. A total of 90.31M shares are outstanding, with a floating share count of 83.79M. Insiders hold about 7.22% of the company’s shares, while institutions hold 58.39% stake in the company. Shares short for NYMT as of 1755216000 were 2305652 with a Short Ratio of 3.56, compared to 1752537600 on 2682570. Therefore, it implies a Short% of Shares Outstanding of 2305652 and a Short% of Float of 3.1300000000000003.
Dividends & Splits
With its trailing 12-month dividend rate of 0.8, NYMT has a forward annual dividend rate of 0.80. Against a Trailing Annual Dividend Yield of 0.11331445The stock’s 5-year Average Dividend Yield is 13.08.
Earnings Estimates
A detailed examination of New York Mortgage Trust Inc (NYMT) is currently in progress, with 4.0 analysts providing valuable insights into its market dynamics.The consensus estimate for the next quarter is $0.23, with high estimates of $0.23 and low estimates of $0.22.
Analysts are recommending an EPS of between $0.88 and $0.85 for the fiscal current year, implying an average EPS of $0.87. EPS for the following year is $0.93, with 4.0 analysts recommending between $1.0 and $0.88.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 4 analysts. It ranges from a high estimate of $51.1M to a low estimate of $38.39M. As of the current estimate, New York Mortgage Trust Inc’s year-ago sales were $20.24MFor the next quarter, 4 analysts are estimating revenue of $46.48M. There is a high estimate of $55.7M for the next quarter, whereas the lowest estimate is $38.39M.
A total of 4 analysts have provided revenue estimates for NYMT’s current fiscal year. The highest revenue estimate was $174.4M, while the lowest revenue estimate was $146.33M, resulting in an average revenue estimate of $160.37M. In the same quarter a year ago, actual revenue was $83.86MBased on 4 analysts’ estimates, the company’s revenue will be $198.96M in the next fiscal year. The high estimate is $236.3M and the low estimate is $153.57M.
