Why Impac Mortgage Holdings Inc. [IMH] Stock Can Charge Above The $2.84 Level

Impac Mortgage Holdings Inc. [IMH] has traded in a range of $1.10 to $7.85 in the last 1 year. As of this writing, the stock is at $2.84, up 18.83%. To check whether the stock’s short-term amount has a thrust, its good to check stock’s recent movement. Over the last week, IMH shares are 35.80% up with the monthly amount drift of 39.77% and seems well in a long time frame.

On 5, November 2020, Impac Mortgage Holdings, Inc. Announces Third Quarter 2020 Results. According to news published on Yahoo Finance, Impac Mortgage Holdings, Inc. (NYSE American: IMH) (the “Company”) announces its financial results for the quarter ended September 30, 2020.

Analyst Birdseye View:

The most recent analyst activity for Impac Mortgage Holdings Inc. [AMEX:IMH] stock was on October 05, 2016, when it was Upgrade with a Mkt outperform rating from JMP Securities. On April 08, 2016, JMP Securities Initiated a Mkt perform rating.

In the past 52 weeks of trading, this stock has oscillated between a low of $1.10 and a peak of $7.85. Right now, the middling Wall Street analyst 12-month amount mark is $14.00. At the most recent market close, shares of Impac Mortgage Holdings Inc. [AMEX:IMH] were valued at $2.84.

FUNDAMENTAL ANALYSIS

Impac Mortgage Holdings Inc. [AMEX:IMH] most recently reported quarterly sales of 10.6 billion, which represented growth of -24.40%. This publicly-traded organization’s revenue is $236,528 per employee, while its income is -$15,051 per employee. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -0.22, -7.44, -4.39 and -0.32 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 97.04 and the whole liability to whole assets at 96.21. It shows enduring liability to the whole principal at 56.27 and enduring liability to assets at 0.56 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 2.09 points at 1st support level, the second support level is making up to 1.78. But as of 1st resistance point, this stock is sitting at 2.54 and at 2.69 for 2nd resistance point.

Impac Mortgage Holdings Inc. [IMH] reported its earnings at $0.08 per share in the fiscal quarter closing of 12/30/2019. The Analysts for Wall Street were expecting to report its earnings at $0.26/share signifying the difference of -0.18 and -69.20% surprise value. Comparing the previous quarter ending of 9/29/2019, the stated earnings were $0.37 calling estimates for $0.9/share with the difference of -0.53 depicting the surprise of -58.90%.

Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.89 and it’s amount to book ratio is 1.07.

Insider Stories

The most recent insider trade was by AKIN THOMAS B, 10% Owner, and it was the sale of 0.25 million shares on Oct 23. AKIN THOMAS B, the 10% Owner, completed a sale of 18709.0 shares on Oct 22. On Oct 16, AKIN THOMAS B, 10% Owner, completed a sale of 500.0 shares.