The stock price of Pennymac Mortgage Investment Trust (NYSE: PMT) has dropped by -1.11 compared to previous close of 14.42. Despite this, the company has seen a fall of -1.79% in its stock price over the last five trading days. Seeking Alpha reported 2024-03-21 that We’re starting with our latest purchase, then moving onto some charts. Our charts help readers track the sector for both common shares and preferred shares. Mortgage REITs and BDCs are included in the charts for comparison based on various metrics such as price-to-book value, dividend yields, and earnings yield.
Is It Worth Investing in Pennymac Mortgage Investment Trust (NYSE: PMT) Right Now?
The price-to-earnings ratio for Pennymac Mortgage Investment Trust (NYSE: PMT) is above average at 8.85x, Company’s 36-month beta value is 1.43.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 3 as “hold,” and 1 as “sell.”
The public float for PMT is 85.39M, and currently, short sellers hold a 2.22% ratio of that floaft. The average trading volume of PMT on April 05, 2024 was 599.84K shares.
PMT’s Market Performance
PMT’s stock has seen a -1.79% decrease for the week, with a 1.35% rise in the past month and a -2.93% fall in the past quarter. The volatility ratio for the week is 1.72%, and the volatility levels for the past 30 days are at 1.76% for Pennymac Mortgage Investment Trust The simple moving average for the last 20 days is -0.81% for PMT’s stock, with a simple moving average of 4.97% for the last 200 days.
Analysts’ Opinion of PMT
UBS, on the other hand, stated in their research note that they expect to see PMT reach a price target of $13.50. The rating they have provided for PMT stocks is “Neutral” according to the report published on December 06th, 2023.
PMT Trading at 0.49% from the 50-Day Moving Average
After a stumble in the market that brought PMT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.26% of loss for the given period.
Volatility was left at 1.76%, however, over the last 30 days, the volatility rate increased by 1.72%, as shares surge +0.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.97% lower at present.
During the last 5 trading sessions, PMT fell by -1.79%, which changed the moving average for the period of 200-days by +7.30% in comparison to the 20-day moving average, which settled at $14.38. In addition, Pennymac Mortgage Investment Trust saw -4.62% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PMT starting from Jones Doug, who sale 7,810 shares at the price of $14.34 back on Mar 11 ’24. After this action, Jones Doug now owns 53,311 shares of Pennymac Mortgage Investment Trust, valued at $111,976 using the latest closing price.
Preston Paul DuFauchard, Jr., the Director of Pennymac Mortgage Investment Trust, sale 4,961 shares at $14.02 during a trade that took place back on Mar 04 ’24, which means that Preston Paul DuFauchard, Jr. is holding 44,282 shares at $69,561 based on the most recent closing price.
Stock Fundamentals for PMT
Current profitability levels for the company are sitting at:
- 0.8 for the present operating margin
- 0.91 for the gross margin
The net margin for Pennymac Mortgage Investment Trust stands at 0.33. The total capital return value is set at 0.04. Equity return is now at value 10.16, with 1.47 for asset returns.
Based on Pennymac Mortgage Investment Trust (PMT), the company’s capital structure generated 0.84 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 5.35. The interest coverage ratio of the stock is 0.86.
Currently, EBITDA for the company is -25.07 million with net debt to EBITDA at 39.08. When we switch over and look at the enterprise to sales, we see a ratio of 18.74. The receivables turnover for the company is 10888.91for trailing twelve months and the total asset turnover is 0.05.
Conclusion
In a nutshell, Pennymac Mortgage Investment Trust (PMT) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
