Invesco Mortgage Capital Inc (NYSE: IVR)’s stock price has increased by 0.22 compared to its previous closing price of 9.10. However, the company has seen a 3.99% increase in its stock price over the last five trading sessions. zacks.com reported 2024-09-17 that Invesco Mortgage Capital (IVR) closed at $9.11 in the latest trading session, marking a +0.05% move from the prior day.
Is It Worth Investing in Invesco Mortgage Capital Inc (NYSE: IVR) Right Now?
IVR has 36-month beta value of 1.87. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for IVR is 54.65M, and currently, short sellers hold a 8.32% ratio of that float. The average trading volume of IVR on September 18, 2024 was 1.22M shares.
IVR’s Market Performance
IVR’s stock has seen a 3.99% increase for the week, with a 5.31% rise in the past month and a -2.67% fall in the past quarter. The volatility ratio for the week is 1.59%, and the volatility levels for the past 30 days are at 1.39% for Invesco Mortgage Capital Inc The simple moving average for the past 20 days is 4.65% for IVR’s stock, with a 1.86% simple moving average for the past 200 days.
Analysts’ Opinion of IVR
Many brokerage firms have already submitted their reports for IVR stocks, with Janney repeating the rating for IVR by listing it as a “Buy.” The predicted price for IVR in the upcoming period, according to Janney is $10 based on the research report published on June 06, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see IVR reach a price target of $8. The rating they have provided for IVR stocks is “Neutral” according to the report published on December 06th, 2023.
IVR Trading at 2.13% 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 -17.13% of loss for the given period.
Volatility was left at 1.39%, however, over the last 30 days, the volatility rate increased by 1.59%, as shares surge +4.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.24% upper at present.
During the last 5 trading sessions, IVR rose by +3.99%, which changed the moving average for the period of 200-days by +13.86% in comparison to the 20-day moving average, which settled at $8.73. In addition, Invesco Mortgage Capital Inc saw 2.93% 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:
- 2.26 for the present operating margin
- 0.91 for the gross margin
The net margin for Invesco Mortgage Capital Inc stands at -0.2. The total capital return value is set at 0.36. Equity return is now at value -3.17, with -0.46 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 0.04. The debt to equity ratio resting at 5.61. The interest coverage ratio of the stock is 1.21.
Currently, EBITDA for the company is 222.84 million with net debt to EBITDA at 13.96. When we switch over and look at the enterprise to sales, we see a ratio of 35.48. The receivables turnover for the company is 3.5for trailing twelve months and the total asset turnover is 0.03.
Conclusion
To put it simply, Invesco Mortgage Capital Inc (IVR) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
