The stock of Pennymac Mortgage Investment Trust (PMT) has seen a 6.59% increase in the past week, with a -1.36% drop in the past month, and a -5.45% decrease in the past quarter. The volatility ratio for the week is 1.83%, and the volatility levels for the past 30 days are at 1.85% for PMT. The simple moving average for the past 20 days is 1.18% for PMT’s stock, with a 3.84% simple moving average for the past 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 that is above its average at 9.41x. The stock has a 36-month beta value of 1.43. Opinions on the stock are mixed, 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 at present, short sellers hold a 2.72% of that float. On April 25, 2024, the average trading volume of PMT was 657.84K shares.
PMT) stock’s latest price update
The stock of Pennymac Mortgage Investment Trust (NYSE: PMT) has increased by 3.10 when compared to last closing price of 13.72.Despite this, the company has seen a gain of 6.59% in its stock price over the last five trading days. Seeking Alpha reported 2024-04-24 that PennyMac Mortgage Investment Trust (NYSE:PMT ) Q1 2024 Earnings Conference Call April 24, 2024 6:00 PM ET Company Participants David Spector – Chairman & CEO Dan Perotti – CFO Conference Call Participants Jason Weaver – Jones Trading George Bose – KBW Matt Howlett – B. Riley Securities Eric Hagen – BTIG Douglas Harter – UBS Operator Good afternoon, and welcome to PennyMac Mortgage Investment Trust first-quarter earnings call.
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 0.76% 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 -10.98% of loss for the given period.
Volatility was left at 1.85%, however, over the last 30 days, the volatility rate increased by 1.83%, as shares sank -2.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.56% upper at present.
During the last 5 trading sessions, PMT rose by +6.48%, which changed the moving average for the period of 200-days by +1.95% in comparison to the 20-day moving average, which settled at $13.96. In addition, Pennymac Mortgage Investment Trust saw -5.38% 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:
- 0.45 for the present operating margin
- 0.88 for the gross margin
The net margin for Pennymac Mortgage Investment Trust stands at 0.25. The total capital return value is set at 0.03. Equity return is now at value 9.48, with 1.35 for asset returns.
Based on Pennymac Mortgage Investment Trust (PMT), the company’s capital structure generated 0.64 points at debt to capital in total, while cash flow to debt ratio is standing at 0.75. The debt to equity ratio resting at 1.78. The interest coverage ratio of the stock is 0.48.
Currently, EBITDA for the company is -25.07 million with net debt to EBITDA at 78.35. When we switch over and look at the enterprise to sales, we see a ratio of 8.15.
Conclusion
To sum up, Pennymac Mortgage Investment Trust (PMT) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
