Granite Point Mortgage Trust Inc. (NYSE:GPMT) went down by -10.36% from its latest closing price when compared to the 1-year high value of $19.39 and move down -761.78%, while GPMT stocks collected -47.43% of loss with the last five trading sessions. Press Release reported 6 hours ago that Granite Point Mortgage Trust Inc. Provides Company Update Regarding Impact of COVID-19
Granite Point Mortgage Trust Inc. (NYSE:GPMT) Worth an Investment?
Granite Point Mortgage Trust Inc. (NYSE: GPMT) scored price to earnings ratio above its average ratio, recording 1.71 times of increase in earnings at the present.
GPMT Market Performance
GPMT stocks went down by -47.43% for the week, with the monthly drop of -87.27% and a quarterly performance of -87.90%, while its annual performance rate touched -88.06%. The simple moving average for the period of the last 20 days is -80.68% for GPMT stocks with the simple moving average of -87.40% for the last 200 days.
Analysts’ Opinion on Granite Point Mortgage Trust Inc. (NYSE:GPMT)
Many brokerage firms have already submitted their reports for GPMT stocks, with Credit Suisse repeating the rating for GPMT shares by setting it to “Neutral”. The predicted price for GPMT socks in the upcoming period according to Credit Suisse is $18 based on the research report published on January 8, 2020.
JMP Securities, on the other hand, stated in their research note that they expect to see GPMT stock at the price of $18. The rating they have provided for GPMT stocks is “Mkt Perform” according to the report published on January 2, 2020.
Raymond James gave “ Outperform” rating to GPMT stocks, setting the target price at $20.50 in the report published on August 14, 2019.
GPMT Stocks -85.67% Far from 50 Day Moving Average
After a stumble in the market that brought GPMT to its low price for the period of the last 52 weeks, Granite Point Mortgage Trust Inc. was unable to take a rebound, for now settling with -88.39% of loss for the given period.
The stock volatility was left at 28.52%, however, within the period of a single month, the volatility rate increased by 39.67%, while the shares sank at the distance of -87.31% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by -87.81% lower at the present time.
In the course of the last 5 trading sessions, GPMT went down by -47.43%, which changed the moving average for the period of 200 days to the total of -88.10% of losses for the stock in comparison to the 20-day moving average settled at $10.87. In addition, Granite Point Mortgage Trust Inc. saw -87.76% in overturn over the period of a single year with a tendency to cut further losses.
GPMT Stock Insider Trading
Reports are indicating that there were more than several insider trading activities at Granite Point Mortgage Trust Inc. (GPMT), starting from Karber Michael J., who sold 1,155 shares at the price of $18.40 back on Jan 30. After this action, Rushing now owns 21,709 shares of Granite Point Mortgage Trust Inc., valued at $21,252 with the latest closing price.
Sandberg Rebecca B, the Secretary of Granite Point Mortgage Trust Inc., sold 429 shares at the value of $18.41 during a trade that took place back on Jan 30, which means that Sandberg Rebecca B is holding 33,330 shares at the value of $7,898 based on the most recent closing price.
GPMT Stock Fundamentals
The current profitability levels are settled at +28.37 for the present operating margin and +92.31 for gross margin. The net margin for Granite Point Mortgage Trust Inc. stands at +28.37. Equity return holds the value 6.90%, with 1.70% for asset returns.