Alert: Negative Investment/Fundamental Signals (6/28/24)-New York Mortgage Trust Inc (NASDAQ: NYMT)

out_logo_500#38548.jpg

New York Mortgage Trust Inc (NASDAQ: NYMT) has recently experienced notable negative changes in fundamentals: the consensus estimate for December, 2024 decreased significantly, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2025 decreased significantly.

Recent meaningful negative changes in investment behavior have impacted New York Mortgage Trust Inc (NASDAQ: NYMT): negative upside/downside volume developed.

In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.

out_mm#38548.jpg

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 C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. New York Mortgage Trust has a good Appreciation Score of 85 but a very low Power Rating of 2, with the Low Neutral Value Trend Rating the result.

Recent Price Action

New York Mortgage Trust Inc (NASDAQ: NYMT) stock declined modestly by -1.2% on 6/28/24. The stock closed at $5.84. Moreover, this decline was accompanied by unusually high trading volume at 180% of normal. The stock has declined -4.4% during the last week and has been extremely weak relative to the market over the last nine months.

Be the first to comment

Leave a Reply

Your email address will not be published.


*