Is Anworth Mortgage Asset Corporation [ANH] Stock Is Still Just for Futuristic Bulls at this Point?

Over the past three months, Anworth Mortgage Asset Corporation [ANH] ended the trading day at $2.54 and exhibited a change of 8.09% with a 24 hour trading and reached upto the volume of 838.73K compared to its recorded trading volume of 8.21 million. ANH generated a 1 year amount change with -30.03%. Though for Principal markets a year is counted as a long time period. By having a look at the most recent performance of this stock, in the last week its amount moved by 18.14% with an amount shift of 47.67% over the last month.

On 7, December 2020, SHAREHOLDER NOTICE: Brodsky & Smith, LLC Announces an Investigation of Anworth Mortgage Asset Corporation (NYSE – ANH). According to news published on Yahoo Finance, BALA CYNWYD, PA / ACCESSWIRE / December 7, 2020 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Anworth Mortgage Asset Corporation (“Anworth” or the “Company”) (NYSE:ANH) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the agreement to be acquired by Ready Capital Corporation (“Ready Capital”) (NYSE – RC). Under the terms of the agreement, Anworth shareholders will receive only 0.1688 shares of Ready Capital common stock and $0.61 in cash consideration. Based on Ready Capital’s closing stock price on Friday, December 4, 2020, the implied offer price is $2.94 per share.

Analyst Birdseye View:

The most recent analyst activity for Anworth Mortgage Asset Corporation [NYSE:ANH] stock was on March 24, 2014, when it was Downgrade with a Neutral rating from Compass Point. Before that, on April 24, 2020, Credit Suisse Recapitulated a Neutral rating and elevated its amount target to $2.25. On July 17, 2013, Deutsche Bank Downgrade a Hold rating and plunged its price target on this stock from $6.75 to $5.75. On April 30, 2013, Deutsche Bank Reiterated a Buy rating and increased its price target from $6.50 to $6.75. On February 08, 2013, Deutsche Bank Reiterated a Buy rating and decreased its price target to $6.50. On October 29, 2012, Maxim Group Downgrade a Hold rating. On October 15, 2012, Wunderlich Reiterated a Hold rating and decreased its target amount on this stock from $7 to $6.

In the past 52 weeks of trading, this stock has oscillated between a low of $0.79 and a peak of $3.80. Right now, according to Wall Street analyst the average 12-month amount target is $2.50. At the most recent market close, shares of Anworth Mortgage Asset Corporation [NYSE:ANH] were valued at $2.54. According to the average price forecast, investors can expect a potential return of 0.0%.

FUNDAMENTAL ANALYSIS

Anworth Mortgage Asset Corporation [NYSE:ANH] most recently reported quarterly sales of 26.75 billion, which represented growth of -31.80%. This company’s Gross Margin is currently -94.50%, its Pretax Margin is -33.90, and its Net Margin is -33.90. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -1.11, -9.61, -1.09 and -4.71 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 88.21 and the whole liability to whole assets at 86.65. It shows enduring liability to the whole principal at 12.81 and enduring liability to assets at 0.13 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 2.37 points at 1st support level, the second support level is making up to 2.21. But as of 1st resistance point, this stock is sitting at 2.69 and at 2.85 for 2nd resistance point.

Anworth Mortgage Asset Corporation [ANH] reported its earnings at $0.04 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.07/share signifying the difference of -0.03 and -42.90% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.02 calling estimates for $0.09/share with the difference of -0.07 depicting the surprise of -77.80%.

Now if looking for a valuation of this stock’s amount to sales ratio it’s 2.13 and it’s amount to book ratio is 0.76.

Insider Stories

The most recent insider trade was by Mielle Dominique, Director, and it was the purchase of 1500.0 shares on Jun 05. Mielle Dominique, the Director, completed a purchase of 4000.0 shares on Mar 16. On Mar 06, Mielle Dominique, Director, completed a purchase of 11000.0 shares.