Invesco Mortgage Capital Inc (IVR) Shares Plummet Below 1-Year High

Invesco Mortgage Capital Inc (NYSE: IVR)’s stock price has plunge by -3.38relation to previous closing price of 9.18. Nevertheless, the company has seen a -5.64% plunge in its stock price over the last five trading sessions. zacks.com reported 2024-05-23 that Invesco Mortgage Capital (IVR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Is It Worth Investing in Invesco Mortgage Capital Inc (NYSE: IVR) Right Now?

The 36-month beta value for IVR is also noteworthy at 1.86. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”

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The public float for IVR is 48.66M, and at present, short sellers hold a 9.20% of that float. The average trading volume of IVR on May 24, 2024 was 895.44K shares.

IVR’s Market Performance

The stock of Invesco Mortgage Capital Inc (IVR) has seen a -5.64% decrease in the past week, with a 3.02% rise in the past month, and a 2.90% gain in the past quarter. The volatility ratio for the week is 1.95%, and the volatility levels for the past 30 days are at 2.05% for IVR. The simple moving average for the past 20 days is -2.28% for IVR’s stock, with a -1.81% simple moving average for the past 200 days.

Analysts’ Opinion of IVR

Many brokerage firms have already submitted their reports for IVR stocks, with UBS repeating the rating for IVR by listing it as a “Neutral.” The predicted price for IVR in the upcoming period, according to UBS is $8 based on the research report published on December 06, 2023 of the previous year 2023.

Jefferies gave a rating of “Underperform” to IVR, setting the target price at $2.75 in the report published on December 14th of the previous year.

IVR Trading at -1.54% from the 50-Day Moving Average

After a stumble in the market that brought IVR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -28.29% of loss for the given period.

Volatility was left at 2.05%, however, over the last 30 days, the volatility rate increased by 1.95%, as shares surge +5.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.93% lower at present.

During the last 5 trading sessions, IVR fell by -5.64%, which changed the moving average for the period of 200-days by -22.67% in comparison to the 20-day moving average, which settled at $9.10. In addition, Invesco Mortgage Capital Inc saw 0.11% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for IVR

Current profitability levels for the company are sitting at:

  • 4.38 for the present operating margin
  • 1.95 for the gross margin

The net margin for Invesco Mortgage Capital Inc stands at -0.15. The total capital return value is set at 0.31. Equity return is now at value -0.99, with -0.15 for asset returns.

Based on Invesco Mortgage Capital Inc (IVR), the company’s capital structure generated 0.85 points at debt to capital in total, while cash flow to debt ratio is standing at 0.05. The debt to equity ratio resting at 5.59. The interest coverage ratio of the stock is 1.02.

Currently, EBITDA for the company is 222.84 million with net debt to EBITDA at 17.13. When we switch over and look at the enterprise to sales, we see a ratio of 82.68. The receivables turnover for the company is 2.44for trailing twelve months and the total asset turnover is 0.01.

Conclusion

In summary, Invesco Mortgage Capital Inc (IVR) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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