New Mountain Finance Corp (NASDAQ:NMFC) does about 410.60K shares in volume on a normal day but saw 1246726 shares change hands in the recent trading day. The company now has a market cap of 1.15B USD. Its current market price is $10.68, marking a decrease of -1.11% compared to the previous close of $10.80. The 52 week high reached by this stock is $13.02 whilst the lowest price level in 52 weeks is $10.76.
New Mountain Finance Corp (NMFC) has a 20-day trading average at $11.46 and the current price is -17.95% off the 52-week high compared with -0.74% distance from its 52-week low. The 50-day simple moving average of the closing price is $11.82 and its 200-day simple moving average is $12.34. If we look at the stock’s price movements over the week, volatility stands at 2.68%, which decreases to 1.31% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 17.18 to suggest the stock is oversold.
The consensus objective for the share price is $12.25, suggesting that the stock has a potential upside of 12.82% over the period.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 0 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Moderate Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 18, 2023 when Wells Fargo downgraded the stock to “Equal Weight” and issued a price target of between $13 and $11.
The current price level is -6.84%, -9.58%, and -13.19% away from its SMA20, SMA50, and SMA200 respectively, with the NMFC price moving above the 50-day SMA on current market day. New Mountain Finance Corp (NMFC) stock is down -6.15% over the week and -9.18% over the past month. Its price is -15.50% year-to-date and -14.99% over the past year.
To reach the target analysts have set, the stock logically needs to grow 12.82 percent from here.
The price to earnings ratio (P/E ratio) amounts to 10.27 while the forward price to earnings ratio is 8.03. The beta has a value of 1.20. Price to book ratio is 0.85 and price to sales ratio is 3.08.
