AJX Stock Summary and Trading Ideas (Great Ajax Corp. | NYSE:AJX)

Great Ajax Corp is an externally managed real estate company. The company's primary business is acquiring, investing in and managing a portfolio of mortgage loans. It primarily targets acquisitions of re-performing loans (RPLs) including residential mortgage loans and small balance commercial mortgage loans (SBC loans). Great Ajax operates in a single segment. The company also holds real-estate owned (REO) properties acquired upon the foreclosure, other settlement of owned non-performing loans.

Great Ajax Corp. trades on the NYSE stock market under the symbol AJX.

As of September 25, 2023, AJX stock price climbed to $6.50 with 281,416 million shares trading.

AJX has a beta of 1.28, meaning it tends to be more sensitive to market movements. AJX has a correlation of 0.25 to the broad based SPY ETF.

AJX has a market cap of $153.58 million. This is considered a Micro Cap stock.

Last quarter Great Ajax Corp. reported $-2 million in Revenue and -$.11 earnings per share. This fell short of revenue expectation by $-8 million and missed earnings estimates by -$.10.

In the last 3 years, AJX stock traded as high as $14.74 and as low as $5.15.

The top ETF exchange traded funds that AJX belongs to (by Net Assets): VTI, VXF, REM, IWC, PRFZ.

AJX has underperformed the market in the last year with a price return of -17.0% while the SPY ETF gained +17.2%. However, in the short term, AJX had mixed performance relative to the market. It has outperformed in the last 3 months, returning +16.5% vs -0.6% return in SPY. But in the last 2 weeks, AJX shares have been beat by the market, returning -2.7% compared to an SPY return of -2.6%.

AJX support price is $6.42 and resistance is $6.57 (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 AJX stock will trade within this expected range on the day.