Invesco Mortgage Capital Inc. (NYSE:IVR) finished Friday with a subtraction of -$0.17 to close at $11.09, a downside of -1.51 percent. An average of 1,009,580 shares of common stock have been traded in the last five days. There was a fall of -$0.34 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 715,350 shares traded, while the 50-day average volume stands at 927,558.
IVR stock has decreased by -4.15% in the last month. The company shares reached their 1-month lowest point of $11.08 on 08/11/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $9.48 and a high of $17.71 in 52 weeks. It has reached a new high 11 times so far this year and lost -12.88% or -$1.64 in price. In spite of this, the price is down -37.39% from the 52-week high.
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Insider Transactions
IVR stock investors should be aware that Invesco Mortgage Capital Inc. (IVR) stock had its last reported insider trading activity 246 days ago on Dec 09.
Valuation Metrics
Invesco Mortgage Capital Inc. (IVR) stock’s beta is 1.60. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.90, the price-to-book (PB) ratio at 0.82, and the price-to-cash flow ratio at 5.44.
Financial Health
Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 8.99 for the quarter ending June 29. Its gross profit as reported stood at $117.63 million compared to revenue of $194.51 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Invesco Mortgage Capital Inc.’s return on assets was -8.40%.
Earnings Surprise
The analyst consensus anticipated Invesco Mortgage Capital Inc.’s latest quarter earnings to come in at $1.07 per share, but it turned out to be $1.45, a 35.50% surprise. For the quarter, EBITDA amounted to $5.03 million. At the end of the quarter ending June 29, Invesco Mortgage Capital Inc.’s stock balance sheet showed total debt was $4.96 billion. Shareholders own equity worth $44.58 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Invesco Mortgage Capital Inc. (IVR) price momentum. RSI 9-day as of the close on 11 August was 33.99%, suggesting the stock is Neutral, with historical volatility in this time frame at 21.85%.
As of today, IVR’s price is $11.37 -2.97% or -$0.34 from its 5-day moving average. IVR is currently trading -3.65% lower than its 20-day SMA and +1.65% higher than its 100-day SMA. However, the stock’s current price level is +4.62% above the SMA50 and +3.74% above the SMA200.
The stochastic %K and %D were 6.06% and 14.09%, respectively, and the average true range (ATR) was 0.28. With the 14-day stochastic at 0.78% and the average true range at 0.29, the RSI (14) stands at 40.78%. The stock has reached -0.21 on the 9-day MACD Oscillator while the 14-day reading was at -0.44.
Analyst Ratings
Jefferies launched coverage on Invesco Mortgage Capital Inc. (NYSE: IVR) in its analyst report released on December 14, 2020. The firm assigned the stock an Underperform rating. The consensus rating for Invesco Mortgage Capital Inc. (IVR) among analysts is Underweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell IVR, while 1 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is IVR’s price target for the next 12 months?
Analysts predict a range of price targets between $10.50 and $11.00, with a median target of $10.75. Taking a look at these predictions, the average price target given by analysts for Invesco Mortgage Capital Inc. (IVR) stock is $10.75.
