Great Ajax Corp (NYSE: AJX) has reported E.P.S. of $-0.18 for its third fiscal quarter (ending September 30) versus $-0.25 for the same period a year ago. E.P.S. were $-3.32 for the latest four quarters through September 30 versus $-1.40 for the same period a year ago.
Recent Price Action
On 10/21/24, Great Ajax Corp (NYSE: AJX) stock was unchanged 0.0%, closing at $3.25. Moreover, this flat performance was accompanied by above average trading volume at 148% of normal. Relative to the market the stock has been weak over the last nine months but has risen 3.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, AJX is expected to continue to be a modest Value Builder.
Great Ajax has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Great Ajax has a very high Appreciation Score of 88 but a poor Power Rating of 29, resulting in the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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