Is Selling Stock Like Great Ajax Corp. (AJX) After This Bearish Double Bottom Winning Strategy?

August 9, 2018 - By Megan Stone

The chart of Great Ajax Corp. (AJX) shows a double bottom with $12.58 target or 7.00 % below today’s $13.53 share price. The 8 months chart pattern indicates high risk for the $261.43M company. It was reported on Aug, 9 by If the $12.58 price target is reached, the company will be worth $18.30M less. Double bottoms are rare but powerful chart patterns.

The stock increased 0.74% or $0.1 during the last trading session, reaching $13.53. About 28,263 shares traded. Great Ajax Corp. (NYSE:AJX) has declined 4.85% since August 9, 2017 and is downtrending. It has underperformed by 17.42% the S&P500.

Great Ajax Corp. (NYSE:AJX) Ratings Coverage

Among 3 analysts covering Great Ajax Corp (NYSE:AJX), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Great Ajax Corp has $18.0 highest and $15.0 lowest target. $16.50’s average target is 21.95% above currents $13.53 stock price. Great Ajax Corp had 3 analyst reports since March 7, 2018 according to SRatingsIntel. The stock has “Buy” rating by FBR Capital on Wednesday, March 7. The company was downgraded on Wednesday, May 2 by Compass Point. The company was maintained on Tuesday, March 6 by Piper Jaffray.

Another recent and important Great Ajax Corp. (NYSE:AJX) news was published by which published an article titled: “Great Ajax Corp. Schedules Its Second Quarter 2018 Financial Results Release For Tuesday, August 7, 2018” on July 31, 2018.

Great Ajax Corp. acquires, invests in, and manages a portfolio of residential mortgage and small balance commercial mortgage loans. The company has market cap of $261.43 million. It also holds real estate-owned properties, such as single-family homes and smaller commercial properties acquired upon the foreclosure or other settlement of its non-performing loans, as well as through outright purchases. It has a 9.29 P/E ratio. The firm elected to be taxed as a real estate investment trust for U.S. federal income tax purposes.

Great Ajax Corp. (NYSE:AJX) Ratings Chart

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