NYC Stock Summary and Trading Ideas (American Strategic Investment Co. Class A | NYSE:NYC)

American Strategic Investment Co is an externally managed company that currently owns a portfolio of commercial real estate located within the five boroughs of New York City, majorly Manhattan. The Company's real estate assets consist of office properties and certain real estate assets that accompany office properties, including retail spaces and amenities.

American Strategic Investment Co. Class A trades on the NYSE stock market under the symbol NYC.

As of November 7, 2024, NYC stock price declined to $8.70 with 2,326 million shares trading.

NYC has a market cap of $22.99 million. This is considered a Sub-Micro Cap stock.

Last quarter American Strategic Investment Co. Class A reported $16 million in Revenue and -$2.84 earnings per share. This fell short of revenue expectation by $-306,000 and exceeded earnings estimates by $.15.

In the last 3 years, NYC traded as high as $110.00 and as low as $5.46.

The top ETF exchange traded funds that NYC belongs to (by Net Assets): VTI, VXF.

NYC has underperformed the market in the last year with a price return of -0.9% while the SPY ETF gained +38.3%. NYC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.2% and -0.6%, respectively, while the SPY returned +14.4% and +3.0%, respectively.

NYC support price is $8.37 and resistance is $9.40 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NYC shares will trade within this expected range on the day.