3.63% volatility in New York Community Bancorp Inc. (NYCB) last month: This is a red flag warning

New York Community Bancorp Inc. (NYSE: NYCB) on November 20, 2023, started off the session at the price of $9.25, soaring 0.22% from the previous trading day. During the day, the shares moved up to $9.35 and dropped to $9.20 before settling in for the closing price of $9.28. Within the past 52 weeks, NYCB’s price has moved between $5.81 and $14.22.

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It was noted that within the last five years, the titan of the Financial sector saw sales topped by 6.23%. The company achieved an average annual earnings per share of 216.03%. With a float of $708.62 million, this company’s outstanding shares have now reached $722.49 million.

The extent of productivity of a business whose workforce counts for 7497 workers is very important to gauge.

New York Community Bancorp Inc. (NYCB) Insider Updates

Observing investor behavior towards Banks – Regional industry stocks is more important than anything else. The insider ownership of New York Community Bancorp Inc. is 1.92%, while institutional ownership is 70.29%. The most recent insider transaction that took place on Nov 02, was worth 108,207. In this transaction Sr EVP & President of Banking of this company sold 11,000 shares at a rate of $9.84, taking the stock ownership to the 70,416 shares. Before that another transaction happened on Aug 14, when Company’s Sr EVP & President of Banking sold 24,000 for $12.60, making the entire transaction worth $302,390. This insider now owns 81,416 shares in total.

New York Community Bancorp Inc. (NYCB) Performance Highlights and Predictions

As on 9/29/2023, Multinational firm has announced its last quarter scores, in which it reported $0.36 earnings per share (EPS) for the period topping the consensus outlook (set at $0.35) by $0.01. This company achieved a net margin of +27.52 while generating a return on equity of 8.09. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.3 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 216.03% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -0.30% during the next five years compared to 6.90% growth over the previous five years of trading.

New York Community Bancorp Inc. (NYSE: NYCB) Trading Performance Indicators

New York Community Bancorp Inc. (NYCB) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.89.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.00, a number that is poised to hit 0.29 in the next quarter and is forecasted to reach 1.38 in one year’s time.

Technical Analysis of New York Community Bancorp Inc. (NYCB)

The latest stats from [New York Community Bancorp Inc., NYCB] show that its last 5-days average volume of 9.73 million was inferior to 11.86 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 39.59%. Additionally, its Average True Range was 0.33.

During the past 100 days, New York Community Bancorp Inc.’s (NYCB) raw stochastic average was set at 7.43%, which indicates a significant decrease from 34.20% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.19% in the past 14 days, which was higher than the 30.37% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $10.44, while its 200-day Moving Average is $10.44. Now, the first resistance to watch is $9.37. This is followed by the second major resistance level at $9.43. The third major resistance level sits at $9.52. If the price goes on to break the first support level at $9.22, it is likely to go to the next support level at $9.13. Assuming the price breaks the second support level, the third support level stands at $9.07.

New York Community Bancorp Inc. (NYSE: NYCB) Key Stats

Market capitalization of the company is 6.72 billion based on 722,488K outstanding shares. Right now, sales total 2,339 M and income totals 650,000 K. The company made 1,672 M in profit during its latest quarter, and 207,000 K in sales during its previous quarter.

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