Invesco Mortgage Capital Inc. [NYSE: IVR] stock went on a downward path that fall over -3.46% on Friday, amounting to a one-week price decrease of less than -7.53%. The company report on July 20, 2020 that Invesco Mortgage Capital Inc. To Announce Second Quarter 2020 Results.
Invesco Mortgage Capital Inc. (NYSE: IVR) will announce its second quarter 2020 results after market close on Thursday, August 6, 2020. A conference call and audio webcast to review second quarter 2020 results will be held on Friday, August 7, 2020, at 9:00 a.m. ET. Scheduled to speak are John Anzalone, Chief Executive Officer; Lee Phegley, Chief Financial Officer; Brian Norris, Chief Investment Officer; Kevin Collins, President; and David Lyle, Chief Operating Officer.
A presentation will be available on the Company’s Web site at www.invescomortgagecapital.com prior to the call.
Over the last 12 months, IVR stock dropped by -78.24%. The one-year Invesco Mortgage Capital Inc. stock forecast points to a potential downside of -15.41. The average equity rating for IVR stock is currently 3.80, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $610.41 million, with 164.97 million shares outstanding and 164.58 million shares in the current float. Compared to the average trading volume of 18.41M shares, IVR stock reached a trading volume of 8678983 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Invesco Mortgage Capital Inc. [IVR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IVR shares is $2.66 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on IVR stock is a recommendation set at 3.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BofA Securities have made an estimate for Invesco Mortgage Capital Inc. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on June 30, 2020. While these analysts kept the previous recommendation, Barclays dropped their target price from $3 to $2. The new note on the price target was released on May 27, 2020, representing the official price target for Invesco Mortgage Capital Inc. stock. Previously, the target price had yet another raise to $2.50, while Credit Suisse analysts kept a Underperform rating on IVR stock.
The Average True Range (ATR) for Invesco Mortgage Capital Inc. is set at 0.24, with the Price to Sales ratio for IVR stock in the period of the last 12 months amounting to 0.78. The Price to Book ratio for the last quarter was 0.57, with the Price to Cash per share for the same quarter was set at 0.72. Price to Free Cash Flow for IVR in the course of the last twelve months was 4.69.
IVR Stock Performance Analysis:
Invesco Mortgage Capital Inc. [IVR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.53. With this latest performance, IVR shares dropped by -17.69% in over the last four-week period, additionally sinking by -79.57% over the last 6 months – not to mention a drop of -78.24% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for IVR stock in for the last two-week period is set at 45.39, with the RSI for the last a single of trading hit 35.41, and the three-weeks RSI is set at 43.23 for Invesco Mortgage Capital Inc. [IVR]. The present Moving Average for the last 50 days of trading for this stock 3.69, while it was recorded at 3.22 for the last single week of trading, and 8.98 for the last 200 days.
Insight into Invesco Mortgage Capital Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Invesco Mortgage Capital Inc. [IVR] shares currently have an operating margin of +148.64 and a Gross Margin at +84.48. Invesco Mortgage Capital Inc.’s Net Margin is presently recorded at +148.01.
Return on Total Capital for IVR is now 1.84, given the latest momentum, and Return on Invested Capital for the company is 8.82. Return on Equity for this stock inclined to 13.95, with Return on Assets sitting at 1.81. When it comes to the capital structure of this company, Invesco Mortgage Capital Inc. [IVR] has a Total Debt to Total Equity ratio set at 654.26. Additionally, IVR Total Debt to Total Capital is recorded at 86.74, with Total Debt to Total Assets ending up at 85.84. Long-Term Debt to Equity for the company is recorded at 57.00, with the Long-Term Debt to Total Capital now at 6.10.
Receivables Turnover for the company is 2.72 with a Total Asset Turnover recorded at a value of 0.01.
IVR Stock EPS
With the latest financial reports released by the company, Invesco Mortgage Capital Inc. posted 0.39/share EPS, while the average EPS was predicted by analysts to be reported at 0.39/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for IVR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Invesco Mortgage Capital Inc. go to 1.70%.
Invesco Mortgage Capital Inc. [IVR] Insider Position Details
There are presently around $337 million, or 67.30% of IVR stock, in the hands of institutional investors. The top three institutional holders of IVR stocks are: BLACKROCK INC. with ownership of 29,682,792, which is approximately 11.065% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 16,492,193 shares of the stock with an approximate value of $50.63 million in IVR stocks shares; and STATE STREET CORP, currently with $17.98 million in IVR stock with ownership of nearly 21.542% of the company’s market capitalization.
Positions in Invesco Mortgage Capital Inc. stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 154 institutional holders increased their position in Invesco Mortgage Capital Inc. [NYSE:IVR] by around 20,041,843 shares. Additionally, 108 investors decreased positions by around 9,961,439 shares, while 17 investors held positions by with 79,743,240 shares. The mentioned changes placed institutional holdings at 109,746,522 shares, according to the latest SEC report filing. IVR stock had 38 new institutional investments in for a total of 2,132,207 shares, while 58 institutional investors sold positions of 3,823,671 shares during the same period.