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. The company is focused on 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 April 15, 2024, AJX stock price climbed to $3.80 with 64,185 million shares trading.

AJX has a beta of 2.06, meaning it tends to be more sensitive to market movements. AJX has a correlation of 0.15 to the broad based SPY ETF.

AJX has a market cap of $140.56 million. This is considered a Micro Cap stock.

Last quarter Great Ajax Corp. reported $-16 million in Revenue and -$.07 earnings per share. This fell short of revenue expectation by $-23 million and missed earnings estimates by -$.27.

In the last 3 years, AJX stock traded as high as $14.74 and as low as $3.30.

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

AJX has underperformed the market in the last year with a return of -35.3%, while the SPY ETF gained +25.3%. In the last 3 month period, AJX fell short of the market, returning -26.4%, while SPY returned +6.2%. However, in the most recent 2 weeks AJX has outperformed the stock market by returning 0.0%, while SPY returned -3.6%.

AJX support price is $3.61 and resistance is $3.87 (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.