AG Mortgage Investment Trust Inc (NYSE: MITT) is -1.80% lower on its value in year-to-date trading and has touched a low of $5.44 and a high of $7.95 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The MITT stock was last observed hovering at around $6.53 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $6.53, the stock is -2.69% and -4.22% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.21 million and changing 0.00% at the moment leaves the stock -5.25% off its SMA200. MITT registered 2.51% gain for a year compared to 6-month loss of -12.47%. The firm has a 50-day simple moving average (SMA 50) of $6.818 and a 200-day simple moving average (SMA200) of $6.89175.
The stock witnessed a -9.68% gain in the last 1 month and extending the period to 3 months gives it a -14.30%, and is 6.01% up 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 1.88% over the week and 2.52% over the month.
Current P/E ratio is 2.86 and Fwd P/E is 6.37. Profit margin for the company is 15.47%. Distance from 52-week low is 20.04% and -17.84% from its 52-week high. The company has generated returns on investments over the last 12 months (0.95%).
with sales reaching $18.44M over the same period.The EPS is expected to grow by 106.06% this year, but quarterly earnings will post 45.90% year-over-year. Quarterly sales are estimated to grow 38.27% in year-over-year returns.
AG Mortgage Investment Trust Inc (MITT) Top Institutional Holders
123.0 institutions hold shares in AG Mortgage Investment Trust Inc (MITT), with institutional investors hold 40.03% of the company’s shares. The shares outstanding are 29.49M, and float is at 27.32M with Short Float at 1.99%. Institutions hold 37.28% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 1.82 million shares valued at $12.07 million. The investor’s holdings represent 6.1726% of the MITT Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 1.57 million shares valued at $10.41 million to account for 5.3255 of the shares outstanding. The other top investors are NORTHERN RIGHT CAPITAL MANAGEMENT, L.P. which holds 0.83 million shares representing 2.814% and valued at over $5.5 million, while GEODE CAPITAL MANAGEMENT, LLC holds 2.1286 of the shares totaling 0.63 million with a market value of $4.16 million.
AG Mortgage Investment Trust Inc (MITT) Insider Activity
The most recent transaction is an insider purchase by Durkin Thomas, the company’s CEO and President. SEC filings show that Durkin Thomas bought 50,000 shares of the company’s common stock on Feb 23 ’24 at a price of $6.12 per share for a total of $0.31 million. Following the purchase, the insider now owns 0.37 million shares.
