Considering the fact that there has been no news about Invesco Mortgage Capital Inc (NYSE:IVR) for quite some time, it was perhaps not a surprise that the company’s stock was trading within a range on Tuesday.
Trading Data
On Tuesday, IVR stock gained 1.17% to $1.73 with more than 9.29 million shares, compared to its average volume of 5.62 million shares. The stock moved within a range of $1.6800 – 1.7400 after opening trade at $1.69.
Earnings Recap
However, in this context, it may be a good move for investors to perhaps consider taking a look at the company’s financial result for the fiscal quarter ended March 31, 2022, which was released earlier this month. The company suffered a net loss per share of as much as $0.72 and that was considerably higher than the net loss of $0.23 a share that it suffered in the prior-year period.
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On the other hand, Invesco paid out dividends to the tune of $0.09 a share and that remained flat year on year. However, it ought to be noted that the book value of each common share in Invesco actually went down to $2.08 a share. In the previous quarter, the book value of each common share in Invesco had been $2.91.
It was a bit of a mixed bag for Invesco and it is perhaps a good time for investors to keep an eye on further news about the company before making any move on the stock.
Key Quote
“During the first quarter of 2022, earnings available for distribution increased to $0.12 per common share. Slower prepayment speeds on specified pool collateral, attractive returns in the dollar roll market, and attractive yields on new investments were all supportive of earnings available for distribution.
Technical Data
IVR stock is trading below the 20-Day and 50-Day Moving averages of $1.76 and $1.91 respectively. Moreover, the stock is trading below the 200-Day moving average of $2.51.
