28-Mar-2024
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Great Ajax Corp. Announces Results for the Quarter Ended December 31, 2023
Business Wire (Mon, 26-Feb 7:04 PM ET)
Rithm Capital Corp. and Great Ajax Corp. Announce a Strategic Transaction
Business Wire (Mon, 26-Feb 5:56 PM ET)
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 March 28, 2024, AJX stock price climbed to $3.80 with 116,065 million shares trading.
AJX has a beta of 2.11, meaning it tends to be more sensitive to market movements. AJX has a correlation of 0.16 to the broad based SPY ETF.
AJX has a market cap of $104.38 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 price return of -31.6% while the SPY ETF gained +33.6%. AJX has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -26.7% and +0.5%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
AJX support price is $3.49 and resistance is $3.75 (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.