Pennymac Mortgage Investment Trust (NYSE: PMT) has a higher price-to-earnings ratio of 9.53x compared to its average ratio, The 36-month beta value for PMT is at 1.43. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 as “hold,” and 1 as “sell.”
The public float for PMT is 85.39M, and currently, shorts hold a 2.72% of that float. The average trading volume for PMT on May 02, 2024 was 674.98K shares.
PMT) stock’s latest price update
Pennymac Mortgage Investment Trust (NYSE: PMT)’s stock price has increased by 3.47 compared to its previous closing price of 13.85. However, the company has seen a 4.45% increase in its stock price over the last five trading sessions. 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.
PMT’s Market Performance
PMT’s stock has risen by 4.45% in the past week, with a monthly drop of -0.14% and a quarterly drop of -0.07%. The volatility ratio for the week is 2.40% while the volatility levels for the last 30 days are 2.04% for Pennymac Mortgage Investment Trust The simple moving average for the last 20 days is 3.26% for PMT stock, with a simple moving average of 5.15% 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 1.78% 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 -9.82% of loss for the given period.
Volatility was left at 2.04%, however, over the last 30 days, the volatility rate increased by 2.40%, as shares sank -0.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.99% upper at present.
During the last 5 trading sessions, PMT rose by +4.45%, which changed the moving average for the period of 200-days by +4.67% in comparison to the 20-day moving average, which settled at $13.87. In addition, Pennymac Mortgage Investment Trust saw -4.15% 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 Lynch Catherine A., who purchase 715 shares at the price of $14.19 back on Apr 26 ’24. After this action, Lynch Catherine A. now owns 33,915 shares of Pennymac Mortgage Investment Trust, valued at $10,138 using the latest closing price.
Jones Doug, the Director, President & CMBO of Pennymac Mortgage Investment Trust, sale 7,810 shares at $14.34 during a trade that took place back on Mar 11 ’24, which means that Jones Doug is holding 53,311 shares at $111,976 based on the most recent closing price.
Stock Fundamentals for PMT
Current profitability levels for the company are sitting at:
- 0.57 for the present operating margin
- 0.9 for the gross margin
The net margin for Pennymac Mortgage Investment Trust stands at 0.22. The total capital return value is set at 0.05. 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 0.84 points at debt to capital in total, while cash flow to debt ratio is standing at 0.26. The debt to equity ratio resting at 5.07. The interest coverage ratio of the stock is 0.91.
Currently, EBITDA for the company is -25.07 million with net debt to EBITDA at 434.44. When we switch over and look at the enterprise to sales, we see a ratio of 13.22. The receivables turnover for the company is 835733.0for trailing twelve months and the total asset turnover is 0.07.
Conclusion
In conclusion, Pennymac Mortgage Investment Trust (PMT) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
