In the past week, PMT stock has gone down by -2.72%, with a monthly decline of -6.22% and a quarterly plunge of -7.71%. The volatility ratio for the week is 1.84%, and the volatility levels for the last 30 days are 1.90% for Pennymac Mortgage Investment Trust The simple moving average for the last 20 days is -6.23% for PMT stock, with a simple moving average of -2.20% for the last 200 days.
Is It Worth Investing in Pennymac Mortgage Investment Trust (NYSE: PMT) Right Now?
Pennymac Mortgage Investment Trust (NYSE: PMT) has a price-to-earnings ratio of 8.26x that is above its average ratio. Additionally, the 36-month beta value for PMT is 1.44. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 rating it as “hold,” and 1 rating it as “sell.”
The public float for PMT is 85.39M and currently, short sellers hold a 2.26% ratio of that float. The average trading volume of PMT on April 18, 2024 was 643.85K shares.
PMT) stock’s latest price update
The stock of Pennymac Mortgage Investment Trust (NYSE: PMT) has increased by 0.66 when compared to last closing price of 13.23. Despite this, the company has experienced a -2.72% fall in its stock price over the last five trading sessions. 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.
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 -5.19% 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 -16.19% of loss for the given period.
Volatility was left at 1.90%, however, over the last 30 days, the volatility rate increased by 1.84%, as shares sank -8.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.09% lower at present.
During the last 5 trading sessions, PMT fell by -2.67%, which changed the moving average for the period of 200-days by -1.22% in comparison to the 20-day moving average, which settled at $14.14. In addition, Pennymac Mortgage Investment Trust saw -10.92% 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 18.6. The receivables turnover for the company is 10888.91for trailing twelve months and the total asset turnover is 0.05.
Conclusion
In conclusion, Pennymac Mortgage Investment Trust (PMT) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
