ATAX Amer First stock Story

ATAX -  USA Stock  

USD 6.38  0.19  2.89%

America First Sales per Share is fairly stable at the moment as compared to the past year. America First reported Sales per Share of 1.03 in 2019. Depreciation Amortization and Accretion is likely to rise to about 4 M in 2020, whereas Average Assets are likely to drop slightly above 903.4 M in 2020. If you have been following America you may be considering acquiring. Let's check if strong forward indicators will continue to push the price to rise for America First's investors. America First Multif current odds of financial distress is under 47 percent. Will investors continue to be optimistic, or should we expect a sell-off?
Published over six months ago
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Should you drop your America First (NASDAQ:ATAX) holdings?
The firm shows a Beta (market volatility) of -0.0709, which signifies not very significant fluctuations relative to the market. Let's try to break down what America's beta means in this case. As returns on the market increase, returns on owning America First are expected to decrease at a much lower rate. During the bear market, America First is likely to outperform the market. Although it is extremely important to respect America First Multif historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy in foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By analyzing America First Multif technical indicators, you can presently evaluate if the expected return of 0.0241% will be sustainable into the future. America First Multif right now shows a risk of 2.03%. Please confirm America First Multif maximum drawdown, and the relationship between the information ratio and expected short fall to decide if America First Multif will be following its price patterns.
Typically, a company's financial statements are the reports that show the financial position of the company. There are three main documents that fall into the category of financial statements. These documents include Amer First income statement, its balance sheet, and the statement of cash flows. Potential Amer First investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Amer First investors may use each financial statement separately, they are all related. The changes in Amer First's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Amer First's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.
The goal of Amer First fundamental analysis is to do accurate financial forecasts. There are several possible objectives to fundamental analysis, such as projecting of Amer First performance into the future periods or doing a reasonable stock valuation. The intrinsic value of Amer First shares is the value that is considered the true value of the share. If the intrinsic value of ATAX Amer First is higher than its market price, buying is generally recommended. If it is equal to the market price, it is recommended to hold; and if it is less than the market price, then one should sell all shares Amer First.
Please read more on our fundamental analysis page.

And What about dividends?

A dividend is the distribution of a portion of Amer First earnings, decided and managed by the company's board of directors and paid to a class of its shareholders. Note, announcements of dividend payouts are generally accompanied by a proportional increase or decrease in a company's stock price. Amer First dividend payments follow a chronological order of events, and the associated dates are important to determine the shareholders who qualify for receiving the dividend payment. ATAX Amer First one year expected dividend income is about $0.19 per share.
Amer First Preferred Dividends Income Statement Impact is fairly stable at the moment as compared to the past year. Amer First reported Preferred Dividends Income Statement Impact of 2.84 Million in 2020. Dividend Yield is likely to rise to 0.07 in 2021, whereas Payment of Dividends and Other Cash Distributions is likely to drop (27.4 M) in 2021.
Last ReportedProjected for 2021
Preferred Dividends Income Statement Impact2.8 M2.9 M
Payment of Dividends and Other Cash Distributions-25.4 M-27.4 M
Dividend Yield 0.07  0.07 
Dividends per Basic Common Share 0.30  0.36 
Investing in stocks that pay dividends, such as stock of Amer First Mf, is one of many strategies that are good for long-term investments. Ex-dividend dates are significant because investors in Amer First must own a stock before its ex-dividend date to receive its next dividend.
This type of analysis is very useful when you want to generate a past dividend schedule and payout information for Amer First. Then that information in the form of graph and calendar can be used to fully explain how Du Pont dividends can provide a real clue to its valuation.

How important is Amer First's Liquidity

Amer First financial leverage refers to using borrowed capital as a funding source to finance Amer First Mf ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Amer First financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Amer First's total debt and its cash.

How ATAX Amer First utilizes its cash?

To perform a cash flow analysis of Amer First, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Amer First is receiving and how much cash it distributes out in a given period. The Amer First cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.
Amer First Net Cash Flow from Operations is fairly stable at the moment as compared to the past year. Amer First reported Net Cash Flow from Operations of 15.84 Million in 2020

Amer First Gross Profit

Amer First Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing Amer First previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show Amer First Gross Profit growth over the last 10 years.
Please check Gross Profit in more details.

Acquisition by Coury Jesse A of 52500 shares of Amer First subject to Rule 16b-3

Legal trades by Amer First insiders are very common, as founders, directors, or employees of any publicly traded firm often have stock or stock options. These trades are made public in the United States through the filing of Form 4 of the Securities and Exchange Commission. Below entry was recorded recently and is publicly available as an insider trade:
Amer First insider trading alert for grant of beneficial unit certificates by Coury Jesse A, Chief Financial Officer, on 10th of June 2021. This event was filed by America First Multifamily with SEC on 2021-06-10. Statement of changes in beneficial ownership - SEC Form 4 [view details]   
Note, although insider trading is legal, in the United States, Canada, Australia, and Germany, for mandatory reporting purposes, corporate insiders are defined as a company's officers, directors, and any beneficial owners of more than 10% of a class of the company's equity securities.

Breaking down Amer First Indicators

The entity reported the previous year's revenue of 33.68 M. Net Income was 23.52 M with profit before overhead, payroll, taxes, and interest of 33.3 M.
 2017 2018 2020 (projected)
Book Value per Share5.245.075.9
Asset Turnover0.0670.0810.0641

Over 3 percent rise for America First. What does it mean for investors?

The kurtosis is down to 1.12 as of today. America First Multifamily exhibits very low volatility with skewness of 0.44 and kurtosis of 1.12. However, we advise investors to further study America First Multifamily technical indicators to make sure all market info is available and is reliable.

While some other firms under the mortgage finance industry are still a bit expensive, America First may offer a potential longer-term growth to investors. With a relatively neutral outlook on the current economy, it is better to hold off any trading of America as the current risk-reward utility is not appealing enough. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to America First.

About Contributor

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Raphi Shpitalnik do not own shares of Amer First Mf. Please refer to our Terms of Use for any information regarding our disclosure principles.

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