With 0.74 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.65 million shares. During the session, the REIT – Mortgage company that operates in wider Real Estate sector, reached to the highest price of $5.93 whereas the lowest price it dropped to was $5.74. The 52-week range on NYMT shows that it touched its highest point at $9.67 and its lowest point at $5.14 during that stretch. It currently has a 1-year price target of $7.58. With its current market cap of 525.36 million, NYMT has annualized dividend of $0.80 while the current yield stands at 13.79%. Beta for the stock currently stands at 1.96.
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Price Performance and Earnings:
Three-month performance dropped to -10.77% while six-month performance fell -4.92%. The stock lost -32.79% in the past year, while it has lost -32.00% so far this year. A look at the trailing 12-month EPS for NYMT yields -0.33 with Next year EPS estimates of 0.55. For the next quarter, that number is 0.07. This implies an EPS growth rate of 25.93% for this year and 174.66% for next year.
Float and Shares Shorts:
At present, 90.68 million NYMT shares are outstanding with a float of 88.95 million shares on hand for trading. On 2024-10-31, short shares totaled 2.8 million, which was 309.0 higher than short shares on 1727654400. In addition to Mr. Steven R. Mumma CPA as the firm’s Executive Chairman, Mr. Jason T. Serrano serves as its CEO & Director.
Institutional Ownership:
Through their ownership of 0.59188 of NYMT’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NYMT since 4 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With NYMT analysts setting a high price target of 24.0 and a low target of 6.0, the average target price over the next 12 months is 9.92857. Based on these targets, NYMT could surge 313.79% to reach the target high and rise by 3.45% to reach the target low. Reaching the average price target will result in a growth of 71.18% from current levels.
Analysts have provided yearly estimates in a range of -$0.52537 being high and -$0.87562 being low. For NYMT, this leads to a yearly average estimate of -$0.73333. The surprise factor in the prior quarter was $0.1. Based on analyst estimates, the high estimate for the next quarter is $0.16 and the low estimate is $0.05. The average estimate for the next quarter is thus $0.1.
