New York Mortgage Trust Inc [NYMT] stock is trading at $6.82, up 1.34%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NYMT shares have lost -1.87% over the last week, with a monthly amount drifted -4.75%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
New York Mortgage Trust Inc [NASDAQ: NYMT] stock has seen the most recent analyst activity on December 06, 2023, when UBS initiated its Neutral rating and assigned the stock a price target of $8.50. Previously, Ladenburg Thalmann downgraded its rating to Neutral on February 24, 2023. On July 18, 2022, downgrade downgraded it’s rating to Mkt Perform but maintained its price target of $3 on the stock. Keefe Bruyette upgraded its rating to a Outperform but stick to its price target of $4.50 on February 23, 2022. BofA Securities downgraded its rating to a Underperform but $4.50 remained the price target by the analyst firm on May 17, 2021. B. Riley Securities started tracking with a Buy rating for this stock on May 12, 2021, and assigned it a price target of $6. In a note dated November 24, 2020, BTIG Research initiated an Neutral rating.
New York Mortgage Trust Inc [NYMT] stock has fluctuated between $6.70 and $10.30 over the past year. Currently, Wall Street analysts expect the stock to reach $21.25 within the next 12 months. New York Mortgage Trust Inc [NASDAQ: NYMT] shares were valued at $6.82 at the most recent close of the market. An investor can expect a potential return of 211.58% based on the average NYMT price forecast.
Analyzing the NYMT fundamentals
New York Mortgage Trust Inc [NASDAQ:NYMT] reported sales of 391.76M for the trailing twelve months, which represents a drop of -22.94%. Gross Profit Margin for this corporation currently stands at -0.4% with Operating Profit Margin at -0.32%, Pretax Profit Margin comes in at -0.43%, and Net Profit Margin reading is -0.37%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.04 and Total Capital is -0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.34.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 6.77 points at the first support level, and at 6.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.88, and for the 2nd resistance point, it is at 6.94.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 1.59, the price to book ratio is 0.59.
