At the time of writing, AG Mortgage Investment Trust Inc [MITT] stock is trading at $7.43, up 4.21%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MITT shares have gain 1.50% over the last week, with a monthly amount glided 2.48%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
AG Mortgage Investment Trust Inc [NYSE: MITT] stock has seen the most recent analyst activity on July 26, 2024, when Piper Sandler initiated its Overweight rating and assigned the stock a price target of $9. Previously, UBS started tracking the stock with Buy rating on December 06, 2023, and set its price target to $7. On January 09, 2023, upgrade upgraded it’s rating to Neutral but maintained its price target of $7 on the stock. Keefe Bruyette downgraded its rating to a Mkt Perform but stick to its price target of $8.50 on July 18, 2022. BTIG Research downgraded its rating to a Neutral. Keefe Bruyette upgraded its rating to Outperform for this stock on October 11, 2021, and upped its price target to $13.75. In a note dated September 28, 2021, JMP Securities upgraded an Mkt Outperform rating on this stock but restated the target price of $13.50.
For the past year, the stock price of AG Mortgage Investment Trust Inc fluctuated between $5.62 and $7.95. Currently, Wall Street analysts expect the stock to reach $8 within the next 12 months. AG Mortgage Investment Trust Inc [NYSE: MITT] shares were valued at $7.43 at the most recent close of the market. An investor can expect a potential return of 7.67% based on the average MITT price forecast.
Analyzing the MITT fundamentals
According to AG Mortgage Investment Trust Inc [NYSE:MITT], the company’s sales were 426.70M for trailing twelve months, which represents an 14.02% jump. Gross Profit Margin for this corporation currently stands at 1.0%, Pretax Profit Margin comes in at 0.66%, and Net Profit Margin reading is 0.68%. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 12.39.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 7.28 points at the first support level, and at 7.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.52, and for the 2nd resistance point, it is at 7.61.
Ratios To Look Out For
It is important to note that AG Mortgage Investment Trust Inc [NYSE:MITT] has a current ratio of 0.20. Further, the Quick Ratio stands at 0.20. Considering the valuation of this stock, the price to sales ratio is 0.52, the price to book ratio is 0.68 and price to earnings (TTM) ratio is 8.37.
