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 April 19, 2024, MITT stock price climbed to $5.56 with 110,118 million shares trading.

MITT has a beta of 1.50, meaning it tends to be more sensitive to market movements. MITT has a correlation of 0.42 to the broad based SPY ETF.

MITT has a market cap of $163.66 million. This is considered a Micro Cap stock.

Last quarter Ag Mortgage It reported $13 million in Revenue and $.17 earnings per share. This beat revenue expectation by $76,000 and exceeded earnings estimates by $.02.

In the last 3 years, MITT stock traded as high as $14.85 and as low as $3.52.

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

MITT has underperformed the market in the last year with a price return of +10.6% while the SPY ETF gained +21.2%. MITT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -9.0% and -5.8%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

MITT support price is $5.41 and resistance is $5.59 (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 stock will trade within this expected range on the day.