Ready For Record-Busting Move? Lincoln National Corporation (LNC), New York Mortgage Trust, Inc. (NYMT)

A look at LNC technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 60.56 point. Its trading volume has lost -823388 shares compared to readings over the past three months as it recently exchanged 1446612 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 2270000 shares, and this is 0.64 times the normal volume.

Lincoln National Corporation (NYSE:LNC) dipped by -10.1% over the past three months which led to its overall six-month decrease to stand at -11.26%. The equity price rose 0.42% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that its shares have recorded a 7.68% gain over the past 30 days. Over the past 12 months the stock has embarked on a drop that has seen it decline -19.88% and is now up by 15.34% since start of this year.

The shares of Lincoln National Corporation dropped by -25.87% or -$20.65 from its last recorded high of $79.83 which it attained on February 27 to close at $59.18 per share. Over the past 52 weeks, the shares of Lincoln National Corporation has been trading as low as $48.07 before witnessing a massive surge by 23.11% or $11.11. This price movement has led to the LNC stock receiving more attention and has become one to watch out for. It jumped by 1.47% on Monday and this got the market excited. The stock’s beta now stands at 1.91 and when compared to its 200-day moving average and its 50-day moving average, LNC price stands -6.85% below and 5.48% above respectively. Its average daily volatility for this week is 2.34% which is more than the 2.11% recorded over the past month.

Experts from research firms are bullish about the near-term performance of Lincoln National Corporation (LNC) with most of them predicting a $70.2 price target on a short-term (12 months) basis. The average price target by the analysts will see a 18.62% rise in the stock and would lead to LNC’s market cap to surge to $15.23B. The stock has been rated an average 2.2, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 17 analysts that track Lincoln National Corporation (NYSE:LNC) and find out that 7 of them rated it as a Hold. 10 of the 10 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

The price of New York Mortgage Trust, Inc. (NASDAQ:NYMT) currently stands at $6.33 after it went down by $-0.01 or -0.16% and has found a strong support at $6.3 a share. If the NYMT price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $6.28 mark would also be bad for the stock as it means that the stock would plunge by 0.79% from its current position. However, if the stock price is able to trade above the resistance point around $6.35, then it could likely surge higher to try and break the upward resistance which stands at $6.38 a share. Its average daily volatility over the past one month stands at 1.07%. The stock has plunged by 0.47% from its 52-weeks high of $6.3 which it reached on Mar. 08, 2018. In general, it is 15.17% above its 52-weeks lowest point which stands at $5.37 and this setback was observed on Dec. 02, 2018.

Analysts have predicted a price target for New York Mortgage Trust, Inc. (NYMT) for 1 year and it stands at an average $5.85/share. This means that it would likely increase by -7.58% from its current position. The current price of the stock has been moving between $6.3 and $6.35. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $5. On the other hand, one analyst is super bullish about the price, setting a target as high as $6.75.

The NYMT stock Stochastic Oscillator (%D) is at 87.58%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 2.05 which compares to the 8.86 recorded by the industry or the 10.37 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 9.41, which is higher than the 8.71 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -11.6% over the past five years.

Analysts view New York Mortgage Trust, Inc. (NASDAQ:NYMT) as a Hold, with 2.9 consensus rating. Reuters surveyed 7 analysts that follow NYMT and found that 4 of those analysts rated the stock as a Hold. The remaining 3 were divided, with 2 analyst rating it as a Buy or a Strong Buy while 1 analysts advised investors to desist from buying New York Mortgage Trust, Inc. (NYMT) shares or sell it if they already own it.