AAMC Stock Summary and Trading Ideas (Altisource Asset Mgmt | AMEX:AAMC)

Altisource Asset Management Corp is an asset management company. It provides asset management, portfolio management, and corporate governance services to investment vehicles that own real estate-related assets. The company created the Alternative Lending Group ("ALG"), to generate alternative private credit loans through Direct to Borrower Lending, Wholesale Originations, and Correspondent Loan Acquisitions. ALG is the company's primary segment.

Altisource Asset Mgmt trades on the AMEX stock market under the symbol AAMC.

As of April 18, 2024, AAMC stock price declined to $3.09 with 9,564 million shares trading.

AAMC has a beta of 0.02, meaning it tends to be less sensitive to market movements. AAMC has a correlation of 0.00 to the broad based SPY ETF.

AAMC has a market cap of $8.54 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, AAMC stock traded as high as $51.75 and as low as $2.64.

The top ETF exchange traded funds that AAMC belongs to (by Net Assets): VXF, IWC.

AAMC has underperformed the market in the last year with a price return of -91.8% while the SPY ETF gained +22.3%. AAMC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -40.6% and -9.4%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

AAMC support price is $2.90 and resistance is $3.54 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AAMC stock will trade within this expected range on the day.