Anworth Mortgage Asset Corporation (NYSE:ANH) is among the top gainers of the stock market today, skyrocketing 2.76% or (0.09 points) to $3.48 from its previous close of $3.39. Does this growth mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 497496 contracts so far this session. ANH shares had a relatively better volume day versus average trading capacity of 643.41 thousand shares, but with a 96.85 million float and a 7.62% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for ANH stock indicates that the average analyst price target is $3.5 per share. This means the stock has a potential increase of 0.57% from where the ANH share price has been trading recently which is between $3.34 and $3.42. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $3.5.
The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “Edited Transcript of ANH earnings conference call or presentation 5-Aug-19 5:00pm GMT” and dated September 03, 2019.
During the recent trading session for Anworth Mortgage Asset Corporation (NYSE:ANH), the company witnessed their stock rise $0.31 over a week and tumble down $-0.04 from the price 20 days ago. When compared to their established 52-week high of $4.83, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 09/24/18. The recent low of $3.05 stood for a -28.17% since 08/30/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0.56 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Anworth Mortgage Asset Corporation, the two-week RSI stands at 56.1. This figure suggests that ANH stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current ANH readings is similarly very revealing as it has a stochastic reading of 95% at this stage. This figure means that ANH share price today is being oversold.
Technical chart claims that Anworth Mortgage Asset Corporation (ANH) would settle between $3.43/share to $3.46/share level. However, if the stock price goes below the $3.35 mark, then the market for Anworth Mortgage Asset Corporation becomes much weaker. If that happens, the stock price might even plunge as low as $3.3 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.16. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at Compass Point lowered their recommendation on shares of ANH from Buy to Neutral in their opinion released on March 24. Deutsche Bank analysts have lowered their rating of Anworth Mortgage Asset Corporation (NYSE:ANH) stock from Buy to Hold in a separate flash note issued to investors on July 17. Analysts at Deutsche Bank are sticking to their Buy stance. However, on April 30, they lifted price target for these shares to $6.75 from $6.50.
Moving on, ANH stock price is currently trading at 7.34X forward 12-month Consensus EPS estimates, and its P/E ratio is NA while for the average stock in the same group, the multiple is NA. Anworth Mortgage Asset Corporation current P/B ratio of NA means it is trading at a premium against its industry’s NA.