The stock price of Angel Oak Mortgage REIT (AOMR) is influenced heavily by macroeconomic interest rate trajectories, residential mortgage market liquidity, credit performance of its underlying non-QM loan portfolios, and quarterly net interest income margins. Additionally, factors such as book value per share adjustments, execution success in securitization markets, dividend payout sustainability, and broader investor sentiment toward specialty mortgage finance assets play critical roles in driving its equity valuation.