Invesco Mortgage Capital Inc. (NYSE:IVR) does about 16.45M shares in volume on a normal day but saw 8681880 shares change hands in Monday trading. The company now has a market cap of 581.15M USD and an enterprise value of about $INVESCO MORTGAGE CAPITAL INC. Its current market price is $3.13, marking an increase of 6.83% compared to the previous close of $2.93. The 52 week high reached by this stock is $15.73 whilst the lowest price level in 52 weeks is $1.56. The script in recent trading has seen the stock touch a high of $3.16 and a low of $2.88.
Invesco Mortgage Capital Inc. (IVR) has a 20-day trading average at $3.15 and the current price is -80.10% off the 52-week high compared with 100.11% distance from its 52-week low. The 50-day simple moving average of the closing price is $3.48 and its 200-day simple moving average is $8.15. If we look at the stock’s price movements over the week, volatility stands at 4.59%, which increases to 5.72% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 45.25 to suggest the stock is neutral.
The consensus objective for the share price is $2.66, suggesting that the stock has a potential downside of -17.67% over the period. The median price target is -19.01% away from the current levels at $2.63.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on June 30, 2020 when BofA Securities initiated the stock to “Underperform” and issued a price target of $2.50. Barclays downgraded the stock to “Underweight” from Equal Weight on May 27, 2020 at a price target of $3-$2. Credit Suisse downgraded its price target at $2.50.
The current price level is -0.82%, -10.98%, and -61.84% away from its SMA20, SMA50, and SMA200 respectively, with the IVR price moving above the 50-day SMA on August 24. Invesco Mortgage Capital Inc. (IVR) stock is down 0.00% over the week and -5.72% over the past month. Its price is -78.13% year-to-date and -76.27% over the past year.
Its 12-month price target is $2.63. To reach the target analysts have set, the stock logically needs to shrink -17.67 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $2.50, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $3.00.
The company has a return on investment of 1.20% and return on equity of -113.20%. The forward price to earnings ratio is 20.06. The beta has a value of 1.36. Price to book ratio is 0.88 and price to sales ratio is 0.96.
According to a U.S. Securities and Exchange Commission filing, iShares Core S&P Small Cap ETF has added its position in Invesco Mortgage Capital Inc. (IVR) to 11,314,132 shares, mirroring a recent increase by 0.93%. iShares Core S&P Small Cap ETF added 0.1 million shares of Invesco Mortgage Capital Inc. common stock bringing its total worth to about $34.73 million at the end of recent close, SEC documents show. iShares Core S&P Small Cap ETF isn’t the only investment manager who changed stakes and is followed by Invesco KBW High Dividend Yield F, which sold off 0.0 shares to end up with 6,426,794 shares worth $19.73 million. Vanguard Total Stock Market Index raise their holdings by 0.03% in the company over the course of the most recent quarter. It now holds a 3.09% position in Invesco Mortgage Capital Inc. thanks to 5.1 million shares amounting to $15.66 million.