Impac Mortgage Holdings Inc. [IMH] is -23.36% lower this YTD. Is it still time to buy?

Impac Mortgage Holdings Inc. [AMEX: IMH] loss -22.07% or -0.66 points to close at $2.33 with a heavy trading volume of 1753292 shares. The company report on March 12, 2021 that Impac Mortgage Holdings, Inc. Announces Year End 2020 Results.

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Impac Mortgage Holdings, Inc. (NYSE American: IMH) (the “Company”) announces its financial results for the quarter and year ended December 31, 2020.

For the fourth quarter of 2020, the Company reported a net (loss) of $(2.2) million, or $(0.10) per diluted common share, and core earnings of $3.3 million, or $0.16 per diluted common share, as compared to a net (loss) of $(677) thousand, or $(0.03) per diluted common share, and core earnings of $1.8 million, or $0.08 per diluted common share, for the fourth quarter of 2019.

It opened the trading session at $2.82, the shares rose to $2.82 and dropped to $2.18, the range by which the price of stock traded the whole day. The daily chart for IMH points out that the company has recorded 81.32% gains over the past six months. However, it is still -111.82% lower than its most recent low trading price.

If we look at the average trading volume of 196.63K shares, IMH reached to a volume of 1753292 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Impac Mortgage Holdings Inc. [IMH]:

JMP Securities have made an estimate for Impac Mortgage Holdings Inc. shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on September 07, 2018. The new note on the price target was released on October 05, 2016, representing the official price target for Impac Mortgage Holdings Inc. stock.

The Average True Range (ATR) for Impac Mortgage Holdings Inc. is set at 0.34, with the Price to Sales ratio for IMH stock in the period of the last 12 months amounting to 27.61. The Price to Book ratio for the last quarter was 2.88, with the Price to Cash per share for the same quarter was set at 2.03. Price to Free Cash Flow for IMH in the course of the last twelve months was 0.16.

Trading performance analysis for IMH stock

Impac Mortgage Holdings Inc. [IMH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -20.75. With this latest performance, IMH shares dropped by -38.36% in over the last four-week period, additionally plugging by 81.32% over the last 6 months – not to mention a drop of -66.11% 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 IMH stock in for the last two-week period is set at 33.50, with the RSI for the last a single of trading hit 28.83, and the three-weeks RSI is set at 37.63 for Impac Mortgage Holdings Inc. [IMH]. The present Moving Average for the last 50 days of trading for this stock 3.16, while it was recorded at 2.79 for the last single week of trading, and 2.07 for the last 200 days.

Impac Mortgage Holdings Inc. [IMH]: A deeper dive into fundamental analysis

Return on Total Capital for IMH is now -3.19, given the latest momentum, and Return on Invested Capital for the company is -4.01. Return on Equity for this stock declined to -147.05, with Return on Assets sitting at -2.98. When it comes to the capital structure of this company, Impac Mortgage Holdings Inc. [IMH] has a Total Debt to Total Equity ratio set at 14,714.09. Additionally, IMH Total Debt to Total Capital is recorded at 99.32, with Total Debt to Total Assets ending up at 97.20. Long-Term Debt to Equity for the company is recorded at 14,714.09, with the Long-Term Debt to Total Capital now at 99.32.

Impac Mortgage Holdings Inc. [IMH]: An earnings per share (EPS) analysis

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 IMH. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Impac Mortgage Holdings Inc. go to 4.00%.

An analysis of insider ownership at Impac Mortgage Holdings Inc. [IMH]

There are presently around $7 million, or 16.90% of IMH stock, in the hands of institutional investors. The top three institutional holders of IMH stocks are: HIGHTOWER ADVISORS, LLC with ownership of 837,766, which is approximately 0% of the company’s market cap and around 18.10% of the total institutional ownership; PHILADELPHIA FINANCIAL MANAGEMENT OF SAN FRANCISCO, LLC, holding 452,641 shares of the stock with an approximate value of $1.05 million in IMH stocks shares; and VANGUARD GROUP INC, currently with $1.04 million in IMH stock with ownership of nearly -0.045% of the company’s market capitalization.

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Positions in Impac Mortgage Holdings Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 11 institutional holders increased their position in Impac Mortgage Holdings Inc. [AMEX:IMH] by around 310,185 shares. Additionally, 12 investors decreased positions by around 79,636 shares, while 8 investors held positions by with 2,637,862 shares. The mentioned changes placed institutional holdings at 3,027,683 shares, according to the latest SEC report filing. IMH stock had 4 new institutional investments in for a total of 102,618 shares, while 3 institutional investors sold positions of 28,214 shares during the same period.

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