New Mountain Finance Corp (NMFC) concluded trading on Wednesday at a closing price of $11.00, with 0.46 million shares of worth about $5.06 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -10.49% during that period and on January 08, 2025 the price saw a loss of about -0.27%. Currently the company’s common shares owned by public are about 107.85M shares, out of which, 95.62M shares are available for trading.
Stock saw a price change of -2.31% in past 5 days and over the past one month there was a price change of -6.70%. Year-to-date (YTD), NMFC shares are showing a performance of -2.31% which decreased to -14.05% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $10.61 but also hit the highest price of $13.01 during that period. The average intraday trading volume for New Mountain Finance Corp shares is 576.23K. The stock is currently trading -3.07% below its 20-day simple moving average (SMA20), while that difference is down -3.82% for SMA50 and it goes to -8.69% lower than SMA200.
New Mountain Finance Corp (NASDAQ: NMFC) currently have 107.85M outstanding shares and institutions hold larger chunk of about 36.96% of that.
The stock has a current market capitalization of $1.19B and its 3Y-monthly beta is at 1.20. PE ratio of stock for trailing 12 months is 10.38, while it has posted earnings per share of $1.06 in the same period. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NMFC, volatility over the week remained 1.37% while standing at 1.53% over the month.
Stock’s fiscal year EPS is expected to drop by -10.80% while it is estimated to decrease by -7.10% in next year. EPS is likely to shrink at an annualized rate of 1.49% for next 5-years, compared to annual growth of 5.31% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wells Fargo on April 18, 2023 offering an Equal weight rating for the stock and assigned a target price range of between $13 and $11 to it. Coverage by B. Riley Securities stated New Mountain Finance Corp (NMFC) stock as a Neutral in their note to investors on October 14, 2022, suggesting a price target of $11.50 for the stock. On February 07, 2022, Janney Initiated their recommendations, while on March 05, 2021, Hovde Group Initiated their ratings for the stock with a price target of $13.50. Stock get a Neutral rating from National Securities on August 10, 2020.
