How Analysts Feel About AG Mortgage Investment Trust Inc. (MITT)?


As of Wednesday close, AG Mortgage Investment Trust Inc.’s (NYSE:MITT) stock was down -$0.02, moving down -0.36 percent to $5.52. The average number of shares traded per day over the past five days has been 137,200 shares. 5 times new highs have been achieved over the past 5 days, with a $0.25 gain in that time frame. In the last twenty days, the average volume was 189,425, while in the previous 50 days, it was 280,448.

Since last month, MITT stock rose 19.74%. Shares of the company fell to $4.22 on 10/25/22, the lowest level in the past month. A 52-week high of $11.06 was reached on 02/01/22 after having rallying from a 52-week low of $3.52. Since the beginning of this year, MITT’s stock price has dropped by -46.15% or -$4.73, and marked a new high 3 times. However, the stock has declined by -50.11% since its 52-week high.

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MITT stock investors should be aware that AG Mortgage Investment Trust Inc. (MITT) stock had its last reported insider trading activity 111 days ago on Aug 05. Jozoff Matthew, the Director of the company, purchased of 8,000 shares for $7.41 on Aug 05. It resulted in a $59,302 investment by the insider. Jozoff Matthew added 30,000 shares at an average price of $7.42 on May 10. The insider now owns 30,000 shares following the transaction. On Nov 29, Director LaManna Joseph bought 10,000 shares at $10.28 apiece. The transaction was valued at $102,750.

Valuation Metrics

The stock’s beta is 1.76. Besides these, the trailing price-to-sales (P/S) ratio of 0.81, the price-to-book (PB) ratio of 0.51, and the price-to-cash flow ratio of 23.11 may also be considered.

The latest dividend of $0.21 per share was paid out, remained unchanged from last year’s $0.21. On Thursday September 16 2021, a $0.14 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 12.41, and the total debt-to-equity ratio was 16.25. On the profitability front, the trailing twelve-month gross margin is 34.60% percent. In the year ended June 29, operating margins totaled -13.30%. Based on annual data, MITT earned $123.42 million in gross profit and brought in $70.66 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 2.50%. Return on equity (ROE) for the past 12 months was -24.50%.

In AG Mortgage Investment Trust Inc.’s quarter-end financial report for June 29, it reported total debt of $935.77 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected AG Mortgage Investment Trust Inc. to report -$0.07 quarterly earnings, the actual figure was -$2.27 per share, beating the consensus estimate by -3,142.90%. During the quarter, the company generated $44.45 million in EBITDA. The value of shareholders’ equity is $22.06 million.

Technical Picture

This quick technical analysis looks at AG Mortgage Investment Trust Inc.’s (MITT) price momentum. With a historical volatility rate of 39.92%, the RSI 9-day stood at 65.04% on 23 November.

With respect to its five-day moving average, the current AG Mortgage Investment Trust Inc. price is up by +4.74% percent or $0.25. At present, MITT shares trade +20.26% above its 20-day simple moving average and -22.25% percent below its 100-day simple moving average. However, the stock is currently trading approximately -5.64% below its SMA50 and -44.80% below its SMA200.

Stochastic coefficient K was 68.78% and Stochastic coefficient D was 65.05%, while ATR was 0.26. Given the Stochastic reading of 67.59% for the 14-day period, the RSI (14) reading has been calculated as 62.04%. As of today, the MACD Oscillator reading stands at 0.04, while the 14-day reading stands at 0.12.

Analyst Ratings

AG Mortgage Investment Trust Inc. downgraded its rating on AG Mortgage Investment Trust Inc. (NYSE: MITT) to a Mkt perform in a note to investors on July 18, 2022. The analysts firm previously had an Outperform rating on the stock.

With a median target price of $7.00, the current consensus forecast for the stock is $6.00 – $7.00. Based on these forecasts, analysts predict AG Mortgage Investment Trust Inc. (MITT) will achieve an average price target of $6.67.


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