Impac Mortgage Holdings Inc. (IMH): A brief note on last quarter

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Impac Mortgage Holdings Inc. (AMEX:IMH) changes shares on Friday trading session, with a change of -11.58% or -$0.22 shares. The trading starts at $1.71 and closed at $1.90 throughout the day. The trading session low price was $1.65 and day high was $1.82 on Friday, June 26. After the session, the Financial sector daily volume shifted to 0.26 million while its average volume is 104.30K. In other hand, the IMH market cap reached to $34.62M. While, its current target price is $1.68 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -15.15% and up 5.00% for month. Its quarterly performance was -49.55% below, while its half year performance is down -68.42%. IMH yearly performance stood at negative -45.28% and fall -68.06% for year-to-date.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. IMH EPS (TTM) for 12-month is -0.38. EPS for this year is 94.60%. Its EPS Q/Q reached 89.50%. It has an EPS of 11.10% up for past five years and for the next five years will be up 4.00%.

Let’s take a look on the analyst recommendations on IMH for the current month and previous month. For the current month, 0 of 1 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 1 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $14.00-$14.00. Average target price for IMH was reached at $14.00.

The insider ownership moved to 28.80% and institutional holding shifted to 13.00%.

The company posted an EPS (TTM) of -0.38. Comparing with last year, the average estimated EPS was -0.51 which is lower than 0.08 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for IMH fall -64.74% for period of 200 days. SMA for 50 days was -7.60% which is showing red signal, while SMA-20 was -13.45%. The moving average value for Impac Mortgage Holdings Inc. (IMH) is 3.7263 and 1.7866 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in IMH stock. On Jun 18, AKIN THOMAS B, 10% Owner, sold 2,147 trading shares at the cost of $2.01, which valued at 4315.0. On Jun 18, AKIN THOMAS B, 10% Owner, sold 1,603 shares at the cost of $2.01, with total shares of 1,165,176. On Jun 17, AKIN THOMAS B, 10% Owner, sold 15,719 shares at the cost of 2.11. After this transaction, AKIN THOMAS B total shares reached to 1,582,675 which valued at 33167.0.