New Mountain Finance Corporation (NASDAQ:NMFC) Relative Strength Index (RSI) is 59.24, with weekly volatility at 1.38% and ATR at 0.20. The NMFC stock’s 52-week price range has touched low of $8.74 and a $13.44 high. Intraday shares traded counted 0.5 million, which was -13.85% lower than its 30-day average trading volume of 435.92K. Its shares traded higher over the last trading session, gaining 0.99% on 05/27/21. The shares fell to a low of $13.05 before closing at $13.25. NMFC’s previous close was $13.12 while the outstanding shares total 96.83M. The firm has a 12-month trailing P/E ratio of 22.08, and a growth ratio of 14.82.
Investors have identified the Asset Management company New Mountain Finance Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $1.28 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Potential earnings growth for New Mountain Finance Corporation (NMFC)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/10/2021 quarter of the year, New Mountain Finance Corporation recorded a total of 67.71 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -9.42% coming in sequential stages and their sales for the 08/10/2021 quarter reducing by -0.64%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 67.71 million trying to sell their products during the last quarter, with the result yielding a gross income of 22.86 million. This allows shareholders to hold on to 96.83M with the recently reported earning now reading 0.53 cents per share. This is a figure that compared to analyst’s prediction for their 08/10/2021 (0.30 cents a share).
Having a look at the company’s valuation, the company is expected to record 1.24 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on NMFC sounds very interesting.
Is the stock of NMFC attractive?
In related news, Director, Handy Alice bought 1,000 shares of the company’s stock in a transaction that recorded on Mar 08. The purchase was performed at an average price of 12.67, for a total value of 12,670. As the purchase deal closes, the Director, Ogens David now bought 2,500 shares of the company’s stock, valued at 28,690. Also, EVP, CAO and Director, Weinstein Adam bought 31,700 shares of the company’s stock in a deal that was recorded on Sep 04. The shares were cost at an average price of 9.89 per share, with a total market value of 313,630. Following this completion of disposal, the EVP, CAO and Director, Weinstein Adam now holds 15,450 shares of the company’s stock, valued at 153,728. In the last 6 months, insiders have changed their ownership in shares of company stock by 10.17%.
3 out of 5 analysts covering the stock have rated it a Buy, while 2 have maintained a Hold recommendation on New Mountain Finance Corporation. 0 analysts has assigned a Sell rating on the NMFC stock. The 12-month mean consensus price target for the company’s shares has been set at $13.17.