Drilling Down Into MTGE Investment Corp. (MTGE)

MTGE Investment Corp. (MTGE) is an interesting player in the Financial space, with a focus on REIT – Diversified. The stock has been active on the tape, currently trading at $19.75, up from yesterday’s close by 0.51%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

MTGE Investment Corp. (MTGE) currently trades with a market capitalization of $904.75 Million. That value represents a market adjusting for revenues that have been growing by 17.40 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $53.1 Million over the past twelve months. Generally speaking, earnings are expected to hold steady in coming quarters. Analysts are forecasting earnings of $0.5 on a per share basis this quarter. Perhaps, that suggests something about why 2.03% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how MTGE has been acting. Looking at the stock’s movement on the chart, MTGE Investment Corp. recorded a 52-week high of $20.00. It is now trading 0.25% off that level. The stock is trading $18.21 its 50-day moving average by -1.54%. The stock carved out a 52-week low down at $16.15.

In recent action, MTGE Investment Corp. (MTGE) has made a move of +11.27% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.61, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 3.26% with $45.22 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of MTGE.

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