PennyMac Financial Services Inc. (NYSE: PFSI)’s stock price has plunge by -6.50relation to previous closing price of 92.07. Nevertheless, the company has seen a -1.05% plunge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-24 that The headline numbers for PennyMac (PFSI) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Is It Worth Investing in PennyMac Financial Services Inc. (NYSE: PFSI) Right Now?
The price-to-earnings ratio for PennyMac Financial Services Inc. (NYSE: PFSI) is above average at 29.85x, Company’s 36-month beta value is 1.66.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 1 as “sell.”
The public float for PFSI is 46.56M, and currently, short sellers hold a 2.02% ratio of that floaft. The average trading volume of PFSI on April 25, 2024 was 236.04K shares.
PFSI’s Market Performance
PFSI stock saw a decrease of -1.05% in the past week, with a monthly decline of -3.22% and a quarterly a decrease of -1.76%. The volatility ratio for the week is 2.69%, and the volatility levels for the last 30 days are 2.37% for PennyMac Financial Services Inc. (PFSI). The simple moving average for the past 20 days is -3.37% for PFSI’s stock, with a 8.64% simple moving average for the past 200 days.
Analysts’ Opinion of PFSI
Many brokerage firms have already submitted their reports for PFSI stocks, with Keefe Bruyette repeating the rating for PFSI by listing it as a “Outperform.” The predicted price for PFSI in the upcoming period, according to Keefe Bruyette is $105 based on the research report published on April 09, 2024 of the current year 2024.
Deutsche Bank, on the other hand, stated in their research note that they expect to see PFSI reach a price target of $115. The rating they have provided for PFSI stocks is “Buy” according to the report published on January 10th, 2024.
PFSI Trading at -1.99% from the 50-Day Moving Average
After a stumble in the market that brought PFSI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.17% of loss for the given period.
Volatility was left at 2.37%, however, over the last 30 days, the volatility rate increased by 2.69%, as shares sank -6.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.09% upper at present.
During the last 5 trading sessions, PFSI fell by -1.37%, which changed the moving average for the period of 200-days by +21.32% in comparison to the 20-day moving average, which settled at $88.80. In addition, PennyMac Financial Services Inc. saw -2.58% 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 PFSI starting from SPECTOR DAVID, who sale 10,000 shares at the price of $90.72 back on Apr 09 ’24. After this action, SPECTOR DAVID now owns 250,604 shares of PennyMac Financial Services Inc., valued at $907,209 using the latest closing price.
STARK DEREK, the Chief Legal Officer of PennyMac Financial Services Inc., sale 5,255 shares at $89.44 during a trade that took place back on Mar 25 ’24, which means that STARK DEREK is holding 27,084 shares at $470,007 based on the most recent closing price.
Stock Fundamentals for PFSI
Current profitability levels for the company are sitting at:
- 0.4 for the present operating margin
- 0.6 for the gross margin
The net margin for PennyMac Financial Services Inc. stands at 0.08. The total capital return value is set at 0.06. Equity return is now at value 4.37, with 0.77 for asset returns.
Based on PennyMac Financial Services Inc. (PFSI), the company’s capital structure generated 0.56 points at debt to capital in total, while cash flow to debt ratio is standing at 0.37. The debt to equity ratio resting at 1.26. The interest coverage ratio of the stock is 1.19.
Currently, EBITDA for the company is 594.46 million with net debt to EBITDA at 5.62. When we switch over and look at the enterprise to sales, we see a ratio of 3.97.
Conclusion
In a nutshell, PennyMac Financial Services Inc. (PFSI) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
