Invesco Mortgage Capital Inc. (NYSE:IVR) price on Friday, August 06, fall -0.64% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $3.17.
A look at the stock’s price movement, the level at last check in today’s session was $3.19, moving within a range at $3.09 and $3.235. The beta value (5-Year monthly) was 1.35. Turning to its 52-week performance, $4.60 and $2.53 were the 52-week high and 52-week low respectively. Overall, IVR moved -7.54% over the past month.
Invesco Mortgage Capital Inc.’s market cap currently stands at around $916.65 million, with investors looking forward to this quarter’s earnings report slated for Aug 04, 2021 – Aug 09, 2021. The company has a Forward Dividend ratio of 0.36, with its dividend yield at 11.29%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report. Analysts project the company’s earnings per share (EPS) to be $0.1, which has seen fiscal year 2021 EPS growth forecast to increase to $0.4 and about $0.39 for fiscal year 2022. Per the data, EPS growth is expected to be 103.70% for 2021 and -2.50% for the next financial year.
Analysts have a consensus estimate of $42.73 million for the company’s revenue for the quarter, with a low and high estimate of $42.73 million and $42.73 million respectively. The average forecast suggests up to a 41.60% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2021 to grow to $177.19 million, representing a -36.80% decline on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that IVR is a 100% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
5 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 0 recommend IVR as a Buy and 0 give it an Overweight rating. Meanwhile, 1 analyst(s) rate the stock as Underweight and 3 say it is a Sell. As such, the average rating for the stock is Underweight which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
IVR’s current price about -7.52% and -13.20% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 32.24, while 7-day volatility ratio is 3.46% and 3.56% in the 30-day chart. Further, Invesco Mortgage Capital Inc. (IVR) has a beta value of 1.37, and an average true range (ATR) of 0.14. Analysts have given the company’s stock an average 52-week price target of $3.06, forecast between a low of $2.75 and high of $3.25. Looking at the price targets, the low is 13.25% off recent price level in today’s trading while to achieve the yearly target high, it has to move -2.52%. Nonetheless, investors will most likely welcome a 1.26% jump to $3.13 which is the analysts’ median price.
In the market, a comparison of Invesco Mortgage Capital Inc. (IVR) and its peers suggest the former has performed considerably weaker. Data shows IVR’s intraday price has changed -0.64% today and 0.95% over the past year. Comparatively, PennyMac Mortgage Investment Trust (PMT) has moved -2.60% so far today and only 0.62% in the past 12 months. Looking at another peer, we see that AGNC Investment Corp. (AGNC) price has gained 0.46% on the day. However, the stock is 15.69% off its price today a year ago. Moreover, MFA Financial Inc. (MFA) is also down -0.96% in today’s trading while keeping a an uptrend of 70.18% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.09% and 0.36% respectively on the day as seen in early trades.
If we refocus on Invesco Mortgage Capital Inc. (NYSE:IVR), historical trading data shows that trading volumes averaged 4.02 million over the past 10 days and 13.84 million over the past 3 months. The company’s latest data on shares outstanding shows there are 223.96 million shares.
The 0.10% of Invesco Mortgage Capital Inc.’s shares are in the hands of company insiders while institutional holders own 50.80% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 43.72 million on Jul 14, 2021, giving us a short ratio of 3.24. The data shows that as of Jul 14, 2021 short interest in Invesco Mortgage Capital Inc. (IVR) stood at 15.40% of shares outstanding, with shares short rising to 39.59 million registered in Jun 14, 2021. Current price change has pushed the stock -5.62% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the IVR stock continues to rise going into the next quarter.