With 0.72 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.78 million shares. The 52-week range on NYMT shows that it touched its highest point at $7.27 and its lowest point at $5.01 during that stretch. It currently has a 1-year price target of $7.70. With its current market cap of 601.39 million, NYMT has annualized dividend of $0.80 while the current yield stands at 12.01%. Beta for the stock currently stands at 1.31.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NYMT was down-trending over the past week, with a drop of -0.45%, but this was up by 3.42% over a month. Three-month performance dropped to -2.49% while six-month performance rose 7.94%. The stock gained 11.09% in the past year, while it has gained 9.90% so far this year. A look at the trailing 12-month EPS for NYMT yields -0.06 with Next year EPS estimates of 0.83. For the next quarter, that number is 0.20. This implies an EPS growth rate of 185.36% for this year and -14.30% for next year.
Float and Shares Shorts:
At present, 90.53 million NYMT shares are outstanding with a float of 83.69 million shares on hand for trading.
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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.65052 being high and -$0.6788 being low. For NYMT, this leads to a yearly average estimate of -$0.66466. Based on analyst estimates, the high estimate for the next quarter is $0.24 and the low estimate is $0.2. The average estimate for the next quarter is thus $0.22.
