Invesco Mortgage Capital Inc. (NYSE:IVR) shares traded lower over the last trading session, losing -2.69% on 05/21/20. The shares fell to a low of $2.70 before closing at $2.71. Intraday shares traded counted 3.9 million, which was 70.74% higher than its 30-day average trading volume of 13.32M. IVR’s previous close was $2.79 while the outstanding shares total 143.50M. The firm has a beta of 1.43, a 12-month trailing P/E ratio of 1.15, and a growth ratio of 0.68. The stock’s Relative Strength Index (RSI) is 52.95, with weekly volatility at 9.38% and ATR at 0.33. The IVR stock’s 52-week price range has touched low of $1.56 and a $15.73 high.
Investors have identified the REIT – Mortgage company Invesco Mortgage Capital Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $460.24 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Potential earnings growth for Invesco Mortgage Capital Inc. (IVR)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Invesco Mortgage Capital Inc. recorded a total of 192.78 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 8.65% coming in sequential stages and their sales for the third quarter reducing by -1.82%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 119.21 million trying to sell their products during the last quarter, with the result yielding a gross income of 73.57 million. This allows shareholders to hold on to 143.50M with the revenue now reading 0.81 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter.
Having a look at the company’s valuation, the company is expected to record 1.73 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on IVR sounds very interesting.
Is the stock of IVR attractive?
In related news, Chief Financial Officer, Phegley Richard Lee Jr. bought 1,600 shares of the company’s stock in a transaction that recorded on Feb 28. The purchase was performed at an average price of 16.03, for a total value of 25,648. As the purchase deal closes, the CIO, Norris Brian now bought 4,000 shares of the company’s stock, valued at 63,660. Also, Chief Operating Officer, Lyle David B bought 5,000 shares of the company’s stock in a deal that was recorded on Feb 27. The shares were cost at an average price of 16.82 per share, with a total market value of 84,080. Following this completion of disposal, the Director, HARDIN EDWARD J now holds 2,500 shares of the company’s stock, valued at 39,313. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.20%.
0 out of 4 analysts covering the stock have rated it a Buy, while 3 have maintained a Hold recommendation on Invesco Mortgage Capital Inc.. 1 analysts has assigned a Sell rating on the IVR stock. The 12-month mean consensus price target for the company’s shares has been set at $2.50.