NYMT Stock Summary and Trading Ideas (New York Mortgage Trust | NASDAQ:NYMT)

New York Mortgage Trust Inc is a real estate investment trust for federal income tax purposes, in the business of acquiring, investing in, financing and managing mortgage-related and residential housing-related assets. The company's investment portfolio consists of Structured multi-family property investments such as multi-family CMBS an preferred equity in, and mezzanine loans to owners of multi-family properties. Distressed residential assets such as residential mortgage loans sourced from distressed markets and non-Agency RMBS. Second mortgages, Agency RMBS, and certain other mortgage-related and residential housing-related assets.

New York Mortgage Trust trades on the NASDAQ stock market under the symbol NYMT.

As of April 16, 2024, NYMT stock price declined to $6.74 with 523,059 million shares trading.

NYMT has a beta of 1.42, meaning it tends to be more sensitive to market movements. NYMT has a correlation of 0.34 to the broad based SPY ETF.

NYMT has a market cap of $614.92 million. This is considered a Small Cap stock.

Last quarter New York Mortgage Trust reported $17 million in Revenue and $.35 earnings per share. This fell short of revenue expectation by $-4 million and exceeded earnings estimates by $.33.

In the last 3 years, NYMT stock traded as high as $19.74 and as low as $6.70.

The top ETF exchange traded funds that NYMT belongs to (by Net Assets): IJR, VTI, IWM, VXF, KBWD.

NYMT has underperformed the market in the last year with a price return of -22.4% while the SPY ETF gained +23.9%. NYMT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -17.9% and -7.2%, respectively, while the SPY returned +6.1% and -3.4%, respectively.

NYMT support price is $6.74 and resistance is $7.00 (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 NYMT stock will trade within this expected range on the day.