Currently, there are 90.58M common shares owned by the public and among those 88.86M shares have been available to trade.
The company’s stock has a 5-day price change of 4.19% and 3.11% over the past three months. NYMT shares are trading -1.49% year to date (YTD), with the 12-month market performance down to -26.02% lower. It has a 12-month low price of $5.14 and touched a high of $8.51 over the same period. NYMT has an average intraday trading volume of 846.36K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.43%, -1.18%, and -3.97% respectively.
Institutional ownership of New York Mortgage Trust Inc (NASDAQ: NYMT) shares accounts for 58.48% of the company’s 90.58M shares outstanding.
It has a market capitalization of $540.76M and a beta (3y monthly) value of 1.95. The earnings-per-share (ttm) stands at -$0.33. The company has a debt-to-equity ratio at 4.93. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.38% over the week and 3.33% over the month.
Earnings per share for the fiscal year are expected to increase by 32.90%, and 174.74% over the next financial year.
Looking at the support for the NYMT, a number of firms have released research notes about the stock. Janney stated their Neutral rating for the stock in a research note on August 13, 2024, with the firm’s price target at $7. UBS coverage for the New York Mortgage Trust Inc (NYMT) stock in a research note released on December 06, 2023 offered a Neutral rating with a price target of $8.50. Ladenburg Thalmann was of a view on February 24, 2023 that the stock is Neutral, while Keefe Bruyette gave the stock Mkt Perform rating on July 18, 2022, issuing a price target of $3. Keefe Bruyette on their part issued Outperform rating on February 23, 2022.
