(LOAN) Manhattan Bridge Capital - Ratings and Ratios

Manhattan Bridge Capital, Inc. is a specialized real estate finance company that focuses on providing short-term, secured loans to real estate investors for property acquisition, renovation, and development across the United States. Its loan portfolio is secured by real estate collateral and backed by personal guarantees from borrowers, minimizing risk. By electing to be taxed as a real estate investment trust (REIT), the company avoids corporate income tax on distributed net income, potentially enhancing shareholder returns. Founded in 1989 and headquartered in Great Neck, New York, the company has established itself as a niche player in the mortgage REIT sector.

From a market perspective, Manhattan Bridge Capitals stock (LOAN) is currently trading at $5.17, slightly above its 20-day simple moving average (SMA20) of $5.15, indicating a minor bullish trend. The stock is below its 50-day SMA ($5.32) and 200-day SMA ($5.25), suggesting a potential downtrend in the medium to long term. The Average True Range (ATR) of 0.17 (3.32% of the last price) indicates moderate volatility, and the stock is currently between its 52-week high ($5.82) and low ($4.61), not at an extreme position.

Fundamentally, Manhattan Bridge Capital has a market capitalization of $58.57 million and a price-to-earnings ratio of 10.67, which is relatively moderate, suggesting the stock might be reasonably valued. The return on equity (RoE) of 12.69% is a positive indicator of the companys profitability and its ability to generate returns for shareholders.

Forecasting the stocks performance involves analyzing both technical and fundamental data. Given the current technical indicators, if the stock can break through the $5.32 (SMA50) resistance level, it might signal a stronger bullish trend. On the fundamental side, the companys consistent profitability (as indicated by a positive RoE) and its REIT status, which could attract income-seeking investors, are positives. However, the lack of a forward P/E ratio makes it challenging to gauge future earnings expectations. Assuming the company maintains its current profitability and the real estate market remains stable, a potential target price could be near its 52-week high of $5.82, representing an approximately 12.5% increase from the current price. Conversely, failure to break the SMA50 resistance and a downturn in the real estate market could lead to a decline towards the 52-week low.