New York Mortgage Trust Inc (NASDAQ: NYMT) stock closed at $6.26 on 5/2/24 after a major decline of -10.8%. Moreover, exceptionally high trading volume at 371% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -11.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, NYMT is expected to continue to be an important Value Builder.
New York Mortgage Trust has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. New York Mortgage Trust has a good Appreciation Score of 80 but a very low Power Rating of 8, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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