Extremely significant positive changes in AG Mortgage Investment Trust Inc (NYSE: MITT) investment behavior have recently occurred: the stock rose on very heavy volume, and the stock’s recent price rise disrupted its longer term downtrend.
Recent significant positive changes in fundamentals have benefitted AG Mortgage Investment Trust Inc (NYSE: MITT): significant quarterly earnings acceleration occurred, and the consensus estimate for December, 2024 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, MITT is expected to continue to be an important Value Builder.
AG Mortgage Investment Trust has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. AG Mortgage Investment Trust has a good Appreciation Score of 74 but a neutral Power Rating of 46, leading to the High Neutral Value Trend Rating.
Recent Price Action
On 5/3/24, AG Mortgage Investment Trust Inc (NYSE: MITT) stock enjoyed a very large increase of 8.9%, closing at $6.27. Moreover, exceptionally high trading volume at 247% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 13.8% during the last week.
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