Angel Oak Mortgage REIT Inc (AOMR) Recent Activity Suggests a Positive Outlook with Last Week’s Performance of -2.84%
Angel Oak Mortgage REIT Inc (NYSE: AOMR) started off on December 29, 2023, at a price of $10.95, experiencing a decrease of -2.93% from the previous trading day. Throughout the day, the shares reached a high of $10.95 and a low of $10.18, ultimately closing at $10.92. Over the past 52 weeks, AOMR has traded in a range of $4.43-$11.20.
As a company in the Real Estate sector, Angel Oak Mortgage REIT Inc has witnessed a sales growth rate of 91.99% over the past five years. However, its average annual earnings per share during this period recorded a significant negative value of -187.70%. With a float of $18.54 million, the company’s outstanding shares now stand at $24.93 million.
In terms of profitability, Angel Oak Mortgage REIT Inc showcases a gross margin of +77.07, an operating margin of -120.07, and a pretax margin of -179.07.
Moving forward, the focus shifts to how large-scale investors are engaging with this Mortgage Industry stock of the REIT. The insider ownership of Angel Oak Mortgage REIT Inc stands at 25.74%, while institutional ownership occupies 58.83%. The most recent insider transaction occurred on Nov 21, involving the CFO & Treasurer who sold 24,371 shares at a rate of $9.85, resulting in stock ownership of 93,658 shares.
The company’s latest quarterly report, released on September 29, 2023, revealed an earnings per share (EPS) of -$0.36, falling short of the consensus estimate of $0.11 by -$0.47. Angel Oak Mortgage REIT Inc achieved a net margin of -175.83 and generated a return on equity of -51.61. Market analysts on Wall Street anticipate an earnings per share of 0.25 for the current fiscal year.
According to Wall Street analysts, the stock’s earnings are expected to be around -187.70% per share in the next fiscal year.
Examining Angel Oak Mortgage REIT Inc’s current performance indicators, its price to sales ratio for the trailing twelve months stands at 33.98. Moreover, the price to free cash flow for the same period is 0.75.
For the trailing twelve months, the company’s Diluted EPS (Earnings per Share) stands at -0.16, with expectations of reaching 0.18 in the next quarter and projected to reach 1.19 in one year’s time.
Angel Oak Mortgage REIT Inc (NYSE: AOMR) witnessed a 5-day average volume of 57,540.0, reflecting a negative change from its year-to-date volume of 77,996.0. As of the previous 9 days, the stock’s Stochastic %D was 51.50%. Additionally, its Average True Range was 0.31.
During the past 100 days, Angel Oak Mortgage REIT Inc’s raw stochastic average reached 83.33%, signifying a significant increase from 41.18% in the past two weeks. Based on volatility metrics, the stock demonstrated a historical volatility of 29.27% in the past 14 days, lower than the 36.74% volatility observed in the past 100 days.
Currently, the stock’s 50-day Moving Average sits at $9.79, while its 200-day Moving Average stands at $8.67. In terms of resistance levels, the first level to watch for is $10.97 in the near term. If surpassed, the stock may face the second major resistance level at $11.35, followed by the third major resistance level at $11.74. On the other hand, if the price breaks below the first support level of $10.20, it is likely to reach the next support level at $9.81, with the third support level located at $9.43.
With a market capitalization of $264.68 million, Angel Oak Mortgage REIT Inc has a total of 24,965K Outstanding Shares. Its annual sales currently amount to $115,540K, in contrast with an annual income of -$187,830K. The company’s last quarter sales were recorded at $23,900K, with an income of $8,270K.
In conclusion, Angel Oak Mortgage REIT Inc’s recent activity suggests a positive outlook, despite last week’s performance decline. With notable growth in sales and engagement from large-scale investors, the company continues to navigate the Mortgage Industry. Wall Street analysts predict a challenging future regarding earnings per share, but the stock’s current performance indicators offer insights into its market standing. Investors should closely monitor the price levels and fluctuation thresholds outlined above as they consider their positions in Angel Oak Mortgage REIT Inc.
Note: The information and quotes provided in this article are based on publicly available data and market analysis. This content should not be considered as financial advice. Always do your own research before making any investment decisions.
