MITT Stock Summary and Trading Ideas (Ag Mortgage It | NYSE:MITT)

AG Mortgage Investment Trust Inc is a real estate investment trust (REIT). It focuses on investing in a diversified risk-adjusted portfolio of residential mortgage-related assets in the U.S. mortgage market. Its objective is to provide attractive risk-adjusted returns to its stockholders over the long-term through dividends and capital appreciation. It also focuses on investing in residential mortgage-backed securities (RMBS) issued or guaranteed by a government sponsored enterprise.

Ag Mortgage It trades on the NYSE stock market under the symbol MITT.

As of January 6, 2025, MITT stock price declined to $6.65 with 276,978 million shares trading.

MITT has a beta of 0.85, meaning it tends to be less sensitive to market movements. MITT has a correlation of 0.14 to the broad based SPY ETF.

MITT has a market cap of $196.24 million. This is considered a Micro Cap stock.

Last quarter Ag Mortgage It reported $15 million in Revenue and $.17 earnings per share. This fell short of revenue expectation by $-2 million and exceeded earnings estimates by $.01.

In the last 3 years, MITT traded as high as $10.68 and as low as $3.52.

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

MITT has underperformed the market in the last year with a price return of +17.8% while the SPY ETF gained +28.7%. MITT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -5.4% and -3.9%, respectively, while the SPY returned +4.2% and +0.1%, respectively.

MITT support price is $6.69 and resistance is $6.93 (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 MITT shares will trade within this expected range on the day.