New Mountain Finance Corporation (NYSE:NMFC) went down by -1.37% during the previous trading session, and it is maintaining the win ahead of Thursday’s trading session. The share price of the Asset Management giant went up by $9.33 to trade ended Thursday trading at $9.46. This is down from the $9.46 price recorded on Wednesday’s trading session. Thanks to this latest performance, NMFC is closer to the higher price 52-week target of $11.00 and further from the lowest price target of $9.00. Its performance from the start of the year has also been negative, with NMFC down by -32.10% year-to-date.
New Mountain Finance Corporation (NMFC) started the day trading at $9.6 and recorded an intraday high of $9.66. It also recorded an intraday low of $9.24 during Thursday’s trading session. New Mountain Finance Corporation is a very active stock that recorded a trading volume that is less than -139.03% of the average daily trading volume on Thursday. The stock’s trading volume on Thursday was 411558, which is less than -139.03 of the total average daily trading volume of 983.75K.
New Mountain Finance Corporation (NYSE:NMFC) 2020 Performance Impressive
The increase in NMFC’s stock price on Thursday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of NMFC currently stands at $14.45, which is higher than the current trading price of the stock by 35.43%. However, NMFC’s current trading price is -101.95% lower than the 52-week low price of $4.62. In terms of trading volume, New Mountain Finance Corporation currently experienced healthy participation during the last trading session. 411558 shares of New Mountain Finance Corporation were traded on the stock exchange on Thursday, which is less than -139.03% of the 983.75K average trading volume of the stock.
The performance of the stock has been positive over the past year. NMFC’s performance over the past one year has seen it plunge by -33.69%, while the stock has gone down by -32.19% in the last six months. The quarterly performance of NMFC currently stands at 65.43%, and it is down by -5.66% in the last month. The only positive figure was from the weekly performance, which currently reads 3.78%. At the time of writing NMFC’s report, the company has a total market cap of $903.40M, making it one of the largest publicly-traded companies in the world.
NMFC Insider Activities
For New Mountain Finance Corporation, insiders hold 40.59% of all company shares. The insider transactions over the past six months are down by 0.00%. During that period, insiders bought 907,450 shares in 33 transactions. In that same period, insiders sold 0 of their shares in 0 transactions. After these transactions, insiders at New Mountain Finance Corporation now hold 8.88M shares, which is over 40.59% of the total company stocks. Institutional investors currently hold a large chunk of the NMFC shares, as they control 9.17% of the company’s total stock.
NMFC Fundamental Analysis
For New Mountain Finance Corporation, the stock’s diluted earnings per share (EPS) stands at -1.16. In the coming year, analysts expect the EPS to be 1.16. The EPS growth will up over the next five years to 1.49% after plunging by -2.44% in the previous five years. In terms of revenue, New Mountain Finance Corporation’s quarterly sales (YOY) is growing at 0.29, which is higher than the average annual revenue of -2.44% over the past half a decade.
NMFC Analysts Prediction
Analysts at Robert W. Baird believe that NMFC is Outperform, and they have a price target of between $15 and $13.
NMFC Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of NMFC currently stands at -1.42%, while the SMA50 is 7.19%. The biggest one is the SMA200, which is currently reading -18.70% ahead of Thursday’s trading session. The Relative Strength Index of this stock is 54.87.