Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for New York Mortgage Trust Inc (NASDAQ: NYMT) weakened of late. NYMT’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
New York Mortgage Trust Inc (NASDAQ: NYMT) stock closed at $6.04 on 6/14/24 after being unchanged was unchanged. However, this flat performance was accompanied by below average trading volume at 81% of normal. The stock has risen 2.2% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
NYMT’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
New York Mortgage Trust has a current Value Trend Rating of D (Negative). 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 83 but a very low Power Rating of 2, producing the Negative Value Trend Rating.
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