New Mountain Finance Corporation (NASDAQ: NMFC) Stock Increased 1.02% Last Week – That’s Proof That Its Volatility Isn’t Going Anywhere

New Mountain Finance Corporation (NASDAQ:NMFC) does about 325.43K shares in volume on a normal day but saw 308886 shares change hands in Friday trading. The company now has a market cap of 1.30B USD. Its current market price is $12.87, marking an increase of 0.55% compared to the previous close of $12.80. The 52 week high reached by this stock is $14.09 whilst the lowest price level in 52 weeks is $11.09. The script in recent trading has seen the stock touch a high of $12.89 and a low of $12.78.

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New Mountain Finance Corporation (NMFC) has a 20-day trading average at $12.90 and the current price is -8.63% off the 52-week high compared with 16.05% distance from its 52-week low. The 50-day simple moving average of the closing price is $12.67 and its 200-day simple moving average is $12.58. If we look at the stock’s price movements over the week, volatility stands at 0.98%, which increases to 1.12% 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 52.82 to suggest the stock is neutral.

The consensus objective for the share price is $12.93, suggesting that the stock has a potential upside of 0.46% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on October 14, 2022 when B. Riley Securities initiated the stock to “Neutral” and issued a price target of $11.50. Hovde Group initiated its price target at $13.50.

The current price level is -0.23%, 1.64%, and 2.28% away from its SMA20, SMA50, and SMA200 respectively, with the NMFC price moving above the 50-day SMA on February 17. New Mountain Finance Corporation (NMFC) stock is up 1.02% over the week and 1.26% over the past month. Its price is 4.04% year-to-date and -6.06% over the past year.

The stock last released its quarterly earnings report for quarter ended 9/29/2022, with the company’s earnings per share (EPS) of $0.3 below consensus estimates by -$0.01. The company’s next earnings report is expected on 05/08/2023, with forecasts estimating quarterly EPS at $0.35 and $1.28 for whole year. NMFC’s earnings per share are forecast to grow by 24.30% this year and 7.00% over next year. Expected sales for next quarter are $83.54 million, which analysts say will come at $303.16 million for the current fiscal year and next year at $336.69 million. In addition, estimates put the company’s current quarterly revenue at an average of $82.64 million.

To reach the target analysts have set, the stock logically needs to grow 0.46 percent from here.

Outstanding shares total 100.94M with insiders holding 10.03% of the shares and institutional holders owning 33.30% of the company’s common stock. The price to earnings ratio (P/E ratio) amounts to 11.92 while the forward price to earnings ratio is 9.39. Price to book ratio is 0.98 and price to sales ratio is 4.50.

Allspring Special Small Cap Value isn’t the only investment manager who changed stakes and is followed by VanEck Vectors – BDC Income ETF, which added 4255.0 shares to end up with 1,268,149 shares worth $16.38 million.

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