New York Mortgage Trust Inc [NYMT] stock prices are up 3.03% to $5.44 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The NYMT shares have gain 2.45% over the last week, with a monthly amount drifted -14.06%, 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 August 13, 2024, when Janney initiated its Neutral rating and assigned the stock a price target of $7. Previously, UBS started tracking the stock with Neutral rating on December 06, 2023, and set its price target to $8.50. On February 24, 2023, downgrade downgraded it’s rating to Neutral. Keefe Bruyette downgraded its rating to a Mkt Perform but stick to its price target of $3 on July 18, 2022. Keefe Bruyette upgraded its rating to a Outperform but $4.50 remained the price target by the analyst firm on February 23, 2022. BofA Securities downgraded its rating to Underperform for this stock on May 17, 2021, but kept the price target unchanged to $4.50. In a note dated May 12, 2021, B. Riley Securities initiated an Buy rating and provided a target price of $6 on this stock.
The stock price of New York Mortgage Trust Inc [NYMT] has been fluctuating between $5.16 and $9.67 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 $5.44 at the most recent close of the market. An investor can expect a potential return of 290.62% based on the average NYMT price forecast.
Analyzing the NYMT fundamentals
The New York Mortgage Trust Inc [NASDAQ:NYMT] reported sales of 429.89M for trailing twelve months, representing a surge of 22.39%. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.28%, Pretax Profit Margin comes in at -0.59%, and Net Profit Margin reading is -0.45%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.08 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of4.4.
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 5.24 points at the first support level, and at 5.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.55, and for the 2nd resistance point, it is at 5.65.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 1.15, the price to book ratio is 0.55.
