As of close of business last night, AG Mortgage Investment Trust Inc.’s stock clocked out at $5.52, down -0.36% from its previous closing price of $5.54. In other words, the price has decreased by -$0.02 from its previous closing price. On the day, 116172 shares were traded. MITT stock price reached its highest trading level at $5.59 during the session, while it also had its lowest trading level at $5.43.
To gain a deeper understanding of MITT’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.55 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.11. In the meantime, Its Debt-to-Equity ratio is 16.25 whereas as Long-Term Debt/Eq ratio is at 12.41.
Upgrades & Downgrades
Keefe Bruyette Upgraded its Mkt Perform to Outperform on October 11, 2021, whereas the target price for the stock was revised from $12.50 to $13.75.
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Aug 05 when Jozoff Matthew bought 8,000 shares for $7.41 per share. The transaction valued at 59,302 led to the insider holds 40,008 shares of the business.
Jozoff Matthew bought 30,000 shares of MITT for $222,471 on May 10. The Director now owns 30,000 shares after completing the transaction at $7.42 per share. On Nov 29, another insider, LaManna Joseph, who serves as the Director of the company, bought 10,000 shares for $10.28 each. As a result, the insider paid 102,750 and bolstered with 44,987 shares of the company.
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.81 while its Price-to-Book (P/B) ratio in mrq is 0.51.
Stock Price History:
Over the past 52 weeks, MITT has reached a high of $11.06, while it has fallen to a 52-week low of $3.52. The 50-Day Moving Average of the stock is 4.79, while the 200-Day Moving Average is calculated to be 7.07.
It appears that MITT traded 277.97K shares on average per day over the past three months and 212.79k shares per day over the past ten days. A total of 22.39M shares are outstanding, with a floating share count of 20.91M. Insiders hold about 0.60% of the company’s shares, while institutions hold 40.20% stake in the company. Shares short for MITT as of Oct 13, 2022 were 392.84k with a Short Ratio of 0.67M, compared to 253.41k on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 1.75% and a Short% of Float of 1.83%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.03, MITT has a forward annual dividend rate of 0.84. Against a Trailing Annual Dividend Yield of 0.54%, it implies a Forward Annual Dividend Yield of 18.06%. The stock’s 5-year Average Dividend Yield is 15.08.
As of right now, 5 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.01 for the current quarter, with a high estimate of $0.39 and a low estimate of -$1.1, while EPS last year was $1.87. The consensus estimate for the next quarter is $0.24, with high estimates of $0.4 and low estimates of $0.09.
Analysts are recommending an EPS of between $0.4 and -$4.02 for the fiscal current year, implying an average EPS of -$2.17. EPS for the following year is $1.02, with 5 analysts recommending between $1.63 and $0.65.
A total of 3 analysts have provided revenue estimates for MITT’s current fiscal year. The highest revenue estimate was $78.49M, while the lowest revenue estimate was $66.3M, resulting in an average revenue estimate of $70.73M. In the same quarter a year ago, actual revenue was $43.41M, up 62.90% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $75.63M in the next fiscal year. The high estimate is $84.1M and the low estimate is $71.1M. The average revenue growth estimate for next year is up 6.90% from the average revenue estimate for this year.