New York Mortgage Trust Inc (NASDAQ: NYMT) stock suffered a major decline of -11.0% on 12/15/23. The shares closed at $8.53. Moreover, exceptionally high trading volume at 1049% of normal accompanied the decline. Relative to the market the stock has been weak over the last nine months and has declined -4.6% 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 a major Value Builder.
New York Mortgage Trust has a current Value Trend Rating of D (Negative). This VT Rating improved modestly in recent days from F previously. The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. New York Mortgage Trust has a slightly negative Power Rating of 35 and a slightly negative Appreciation Score of 35, triggering the Negative Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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