The closing price of New York Mortgage Trust Inc (NASDAQ: NYMT) was $7.13 for the day, up 3.63% from the previous closing price of $6.88. In other words, the price has increased by $+0.25 from its previous closing price. On the day, 525245 shares were traded.
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Ratios:
Our analysis of NYMT’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 3.34 whereas as Long-Term Debt/Eq ratio is at 1.78.
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, UBS on December 06, 2023, initiated with a Neutral rating and assigned the stock a target price of $8.50.
Keefe Bruyette Downgraded its Outperform to Mkt Perform on July 18, 2022, while the target price for the stock was maintained at $3.
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 650.50M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.66 while its Price-to-Book (P/B) ratio in mrq is 0.62.
Stock Price History:
Over the past 52 weeks, NYMT has reached a high of $10.30, while it has fallen to a 52-week low of $6.87. The 50-Day Moving Average of the stock is 7.49, while the 200-Day Moving Average is calculated to be 8.62.
Shares Statistics:
NYMT traded an average of 591.92K shares per day over the past three months and 745.63k shares per day over the past ten days. A total of 90.68M shares are outstanding, with a floating share count of 89.80M. Insiders hold about 1.57% of the company’s shares, while institutions hold 57.05% stake in the company. Shares short for NYMT as of Feb 29, 2024 were 1.85M with a Short Ratio of 3.65, compared to 1.84M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.02% and a Short% of Float of 2.50%.
Dividends & Splits
With its trailing 12-month dividend rate of 1.20, NYMT has a forward annual dividend rate of 1.00. Against a Trailing Annual Dividend Yield of 17.44%, it implies a Forward Annual Dividend Yield of 11.22%. The stock’s 5-year Average Dividend Yield is 14.76.
Earnings Estimates
The firm’s stock currently is rated by 6 analysts. On average, analysts expect EPS of $0.12 for the current quarter, with a high estimate of $0.21 and a low estimate of $0.04, while EPS last year was $0.11. The consensus estimate for the next quarter is $0.14, with high estimates of $0.23 and low estimates of $0.09.
Analysts are recommending an EPS of between $0.95 and $0.48 for the fiscal current year, implying an average EPS of $0.63. EPS for the following year is $0.91, with 4 analysts recommending between $1.23 and $0.76.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 3 analysts. It ranges from a high estimate of $33.59M to a low estimate of $17.7M. As of the current estimate, New York Mortgage Trust Inc’s year-ago sales were $25.88M, an estimated decrease of -6.20% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $26.62M, an increase of 28.90% over than the figure of -$6.20% in the same quarter last year. There is a high estimate of $35.54M for the next quarter, whereas the lowest estimate is $18.9M.
A total of 3 analysts have provided revenue estimates for NYMT’s current fiscal year. The highest revenue estimate was $136.27M, while the lowest revenue estimate was $77.3M, resulting in an average revenue estimate of $110.42M. In the same quarter a year ago, actual revenue was $66.53M, up 66.00% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $134.94M in the next fiscal year. The high estimate is $171.48M and the low estimate is $101.8M. The average revenue growth estimate for next year is up 22.20% from the average revenue estimate for this year.
