AOMR Stock Summary and Trading Ideas (Angel Oak Mortgage REIT | NYSE:AOMR)

Angel Oak Mortgage REIT Inc is a real estate finance company focused on acquiring and investing in the first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market. Its objective is to generate attractive risk-adjusted returns for its stockholders, through cash distributions and capital appreciation, across interest rates and credit cycles.

Angel Oak Mortgage REIT trades on the NYSE stock market under the symbol AOMR.

As of April 17, 2024, AOMR stock price climbed to $11.09 with 31,227 million shares trading.

AOMR has a beta of 0.82, meaning it tends to be less sensitive to market movements. AOMR has a correlation of 0.13 to the broad based SPY ETF.

AOMR has a market cap of $276.76 million. This is considered a Small Cap stock.

Last quarter Angel Oak Mortgage REIT reported $8 million in Revenue and -$.26 earnings per share. This fell short of revenue expectation by $-760,000 and missed earnings estimates by -$.44.

The top ETF exchange traded funds that AOMR belongs to (by Net Assets): VTI, VXF, IWM, REM, IWN.

AOMR has outperformed the market in the last year with a price return of +54.0% while the SPY ETF gained +23.0%. AOMR has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +9.2% and +5.3%, respectively, while the SPY returned +5.7% and -3.5%, respectively.

AOMR support price is $10.60 and resistance is $11.12 (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 AOMR stock will trade within this expected range on the day.