In the past week, PMT stock has gone down by -0.37%, with a monthly decline of -6.48% and a quarterly plunge of -0.15%. The volatility ratio for the week is 1.87%, and the volatility levels for the last 30 days are 1.73% for Pennymac Mortgage Investment Trust The simple moving average for the last 20 days is -2.10% for PMT stock, with a simple moving average of -4.07% 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 that is above its average at 9.91x. The stock has a 36-month beta value of 1.47. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 0 as “overweight,” 3 as “hold,” and 1 as “sell.”
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The public float for PMT is 85.76M, and at present, short sellers hold a 5.35% of that float. On November 08, 2024, the average trading volume of PMT was 692.85K shares.
PMT) stock’s latest price update
Pennymac Mortgage Investment Trust (NYSE: PMT)’s stock price has decreased by -0.07 compared to its previous closing price of 13.44. However, the company has seen a -0.37% decrease in its stock price over the last five trading sessions. prnewswire.com reported 2024-11-01 that VANCOUVER, BC, Nov. 1, 2024 /PRNewswire/ – November 1, 2024 – Sydney, Australia Patriot Battery Metals Inc. (the “Company” or “Patriot”) (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased to advise that it has been recognized as “Entrepreneur of the Year” by the Quebec Mineral Exploration Association (QMEA). The award was announced at the 2024 QMEA Awards Gala held in Montreal on October 30, 2024.
Analysts’ Opinion of PMT
Many brokerage firms have already submitted their reports for PMT stocks, with Keefe Bruyette repeating the rating for PMT by listing it as a “Outperform.” The predicted price for PMT in the upcoming period, according to Keefe Bruyette is $15.50 based on the research report published on July 10, 2024 of the current year 2024.
UBS gave a rating of “Neutral” to PMT, setting the target price at $13.50 in the report published on December 06th of the previous year.
PMT Trading at -3.84% 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 -15.48% of loss for the given period.
Volatility was left at 1.73%, however, over the last 30 days, the volatility rate increased by 1.87%, as shares sank -5.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.21% lower at present.
During the last 5 trading sessions, PMT fell by -0.37%, which changed the moving average for the period of 200-days by -9.01% in comparison to the 20-day moving average, which settled at $13.72. In addition, Pennymac Mortgage Investment Trust saw -10.17% 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 838 shares at the price of $13.81 back on Oct 25 ’24. After this action, Lynch Catherine A. now owns 37,632 shares of Pennymac Mortgage Investment Trust, valued at $11,572 using the latest closing price.
Jones Doug, the Director, President & CMBO of Pennymac Mortgage Investment Trust, sale 37,010 shares at $14.01 during a trade that took place back on Sep 03 ’24, which means that Jones Doug is holding 49,114 shares at $518,647 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
- 0.91 for the gross margin
The net margin for Pennymac Mortgage Investment Trust stands at 0.11. The total capital return value is set at 0.1. Equity return is now at value 8.59, with 1.27 for asset returns.
Based on Pennymac Mortgage Investment Trust (PMT), the company’s capital structure generated 0.82 points at debt to capital in total, while cash flow to debt ratio is standing at 0.06. The debt to equity ratio resting at 4.47. The interest coverage ratio of the stock is 1.24.
Currently, EBITDA for the company is -25.07 million with net debt to EBITDA at 6.97. When we switch over and look at the enterprise to sales, we see a ratio of 2.87. The receivables turnover for the company is 182.1for trailing twelve months and the total asset turnover is 0.12.
Conclusion
To sum up, Pennymac Mortgage Investment Trust (PMT) has seen a bad 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.
