Why Is Invesco Mortgage Capital Inc. (NYSE: IVR) Falling? – Stocks Register
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Why Is Invesco Mortgage Capital Inc. (NYSE: IVR) Falling?

Invesco Mortgage Capital Inc. (NYSE:IVR) traded at $3.20 at close of the session on Tuesday, 10/19/21, made a downward move of -0.93% on its previous day’s price.

Looking at the stock we see that its previous close was $3.23 and the beta (5Y monthly) reads 1.34 with the day’s price range being $3.20 – $3.23. The company has a trailing 12-month PE ratio of 4.62. In terms of its 52-week price range, IVR has a high of $4.60 and a low of $2.62. The company’s stock has gained about 4.58% over that past 30 days.


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Invesco Mortgage Capital Inc. has a market cap of $935.62 million and is expected to release its quarterly earnings report on Nov 08, 2021 – Nov 12, 2021. With its Forward Dividend at 0.36 and a yield of 11.25%, the company’s investors could be anxious for the IVR stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.1, with the EPS growth for the year raised at $0.4 for 2021 and $0.38 for next year. These figures represent 103.70% and -5.00% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $41.66 million, with a low of $39.54 million and a high of $43.79 million. The median projection represents growth squeezing down to 51.80% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2021 is expected to hit $173.33 million, or -38.10% down from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the IVR stock, short term indicators assign the stock an average of 25% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Based on estimates by 5 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the Invesco Mortgage Capital Inc. (IVR) stock as a Hold, while 0 rate it as a Buy. 0 analyst(s) rate it as overweight while 1 of them rated it as underweight, whereas 3 suggest the stock as a Sell. The stock has an overall rating of Underweight and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 0.17% off its SMA20 and 1.92% from its 50-day simple moving average. The RSI (14) is pointing at 50.77 while the volatility over the past week is 1.68% and jumps to 1.94% over the past one month. The beta value is 1.33, while the average true range (ATR) is currently pointing at 0.06. The average price target for the stock over the next 12 months is $3.00, with the estimates having a low of $2.75 and a high of $3.25. These price ends are 14.06% and -1.56% off the current price level respectively, although investors could be excited at the prospect of a 6.25% if the IVR share price touches on the median price of $3.00.

Let’s briefly compare Invesco Mortgage Capital Inc. (IVR) stock to its peers. We find that current price change of -0.93% and 16.36% over the past 12 months for IVR competes that of PennyMac Mortgage Investment Trust (PMT), which has seen its stock price rise 0.50% in the last trading session and was 24.12% over the last one year. Another of its peers AGNC Investment Corp. (AGNC) has gained 0.98% previous session, and was 17.61% up over the past year, while MFA Financial Inc. (MFA) was also up 0.43% in the last session, while its price remained in the green at 65.02% over the same period. Invesco Mortgage Capital Inc. has a P/E ratio of 4.62 compared to PennyMac Mortgage Investment Trust’s 7.46 and AGNC Investment Corp.’s 4.75. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at 0.74% and 0.56%, respectively, at close of the trading.

Coming back to Invesco Mortgage Capital Inc. (NYSE:IVR), we note that the average 3-month trading volume was 4.44 million, while that of the preceding 10-day period stands at 2.97 million. Current shares outstanding are 260.14 million.

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The insiders hold 0.10% of the company’s shares while institutions hold 55.90%. The data shows that short shares as of Jul 29, 2021, stood at 40.98 million at a short ratio of 6.07. This represents a 14.15% short interest in shares outstanding on Jul 29, 2021. Shares short fall in July from the previous month at 47.66 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -5.33% down in year-to-date price movement.

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