A Great Stock That Is Lost For Many Investors: Impac Mortgage Holdings Inc. (IMH)

Impac Mortgage Holdings Inc. (AMEX: IMH) is -69.20% lower on its value in year-to-date trading and has touched a low of $1.31 and a high of $8.03 in the current 52-week trading range. The IMH stock was last observed hovering at around $1.68 in the last trading session, with the day’s loss setting it -0.06% off its average median price target of $14.00 for the next 12 months. It is also 88.43% off the consensus price target high of $14.00 offered by 1 analysts, but current levels are 88.43% higher than the price target low of $14.00 for the same period.


The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.

Sponsored


Currently trading at $1.62, the stock is -16.71% and -10.34% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 89455.0 and changing -3.57% at the moment leaves the stock -65.80% off its SMA200. IMH registered -48.73% loss for a year compared to 6-month loss of -69.43%. The firm has a 50-day simple moving average (SMA 50) of $1.7894 and a 200-day simple moving average (SMA200) of $3.7039.

The stock witnessed a 1.25% gain in the last 1 month and extending the period to 3 months gives it a -29.57%, and is -12.90% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 10.32% over the week and 16.21% over the month.

Impac Mortgage Holdings Inc. (IMH) has around 530 employees, a market worth around $38.96M and $90.60M in sales. Profit margin for the company is -15.20%. Distance from 52-week low is 23.65% and -79.83% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.70%).

Impac Mortgage Holdings Inc. (IMH) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Impac Mortgage Holdings Inc. (IMH) is a “Hold”. 1 analysts offering their recommendations for the stock, where 1 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Impac Mortgage Holdings Inc. is expected to release its quarterly report on 08/06/2020 and quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $19.7M over the same period.The EPS is expected to grow by 94.60% this year, but quarterly earnings will post -3.00% year-over-year.

Impac Mortgage Holdings Inc. (IMH) Top Institutional Holders

43 institutions hold shares in Impac Mortgage Holdings Inc. (IMH), with 9.05M shares held by insiders accounting for 42.65% while institutional investors hold 34.14% of the company’s shares. The shares outstanding are 21.22M, and float is at 11.56M with Short Float at 0.69%. Institutions hold 19.58% of the Float.

Impac Mortgage Holdings Inc. (IMH) Insider Activity

A total of 7 insider transactions have happened at Impac Mortgage Holdings Inc. (IMH) in the last six months, with sales accounting for 2 and purchases happening 5 times. The most recent transaction is an insider sale by AKIN THOMAS B, the company’s 10% Owner. SEC filings show that AKIN THOMAS B sold 2,147 shares of the company’s common stock on Jun 18 at a price of $2.01 per share for a total of $4315.0. Following the sale, the insider now owns 1.58 million shares.

Impac Mortgage Holdings Inc. disclosed in a document filed with the SEC on Jun 18 that AKIN THOMAS B (10% Owner) sold a total of 1,603 shares of the company’s common stock. The trade occurred on Jun 18 and was made at $2.01 per share for $3222.0. Following the transaction, the insider now directly holds 1.17 million shares of the IMH stock.

Still, SEC filings show that on Jun 17, AKIN THOMAS B (10% Owner) disposed off 15,719 shares at an average price of $2.11 for $33167.0. The insider now directly holds 1,582,675 shares of Impac Mortgage Holdings Inc. (IMH).

Impac Mortgage Holdings Inc. (IMH): Who are the competitors?

The company’s main competitors (and peers) include Arlington Asset Investment Corp. (AI) that is trading -56.69% down over the past 12 months. Short interest in the company’s stock has fallen -12.21% from the last report on May 14, 2020 to stand at a total of 88960.0 short shares sold with a short interest ratio of 0.88.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free