The 36-month beta value for GPMT is also noteworthy at 1.89. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
The public float for GPMT is 48.54M, and at present, short sellers hold a 1.58% of that float. The average trading volume of GPMT on January 20, 2025 was 410.16K shares.
GPMT) stock’s latest price update
The stock of Granite Point Mortgage Trust Inc (NYSE: GPMT) has increased by 1.37 when compared to last closing price of 2.93. Despite this, the company has experienced a 10.41% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2025-01-15 that High Yield REITs Whacked By Higher Rates
GPMT’s Market Performance
Granite Point Mortgage Trust Inc (GPMT) has experienced a 10.41% rise in stock performance for the past week, with a -9.73% drop in the past month, and a -5.11% drop in the past quarter. The volatility ratio for the week is 3.51%, and the volatility levels for the past 30 days are at 4.44% for GPMT. The simple moving average for the last 20 days is 4.14% for GPMT stock, with a simple moving average of -6.81% for the last 200 days.
Analysts’ Opinion of GPMT
Many brokerage firms have already submitted their reports for GPMT stocks, with Keefe Bruyette repeating the rating for GPMT by listing it as a “Mkt Perform.” The predicted price for GPMT in the upcoming period, according to Keefe Bruyette is $3.25 based on the research report published on December 10, 2024 of the previous year 2024.
UBS gave a rating of “Buy” to GPMT, setting the target price at $6.50 in the report published on December 06th of the previous year.
GPMT Trading at -5.71% from the 50-Day Moving Average
After a stumble in the market that brought GPMT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -51.51% of loss for the given period.
Volatility was left at 4.44%, however, over the last 30 days, the volatility rate increased by 3.51%, as shares sank -7.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.33% lower at present.
During the last 5 trading sessions, GPMT rose by +10.41%, which changed the moving average for the period of 200-days by -34.15% in comparison to the 20-day moving average, which settled at $2.85. In addition, Granite Point Mortgage Trust Inc saw 6.45% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GPMT starting from KASNET STEPHEN G, who sale 27,027 shares at the price of $3.08 back on Jun 05 ’24. After this action, KASNET STEPHEN G now owns 121,066 shares of Granite Point Mortgage Trust Inc, valued at $83,162 using the latest closing price.
DEHNE TANUJA M, the Director of Granite Point Mortgage Trust Inc, sale 5,717 shares at $3.11 during a trade that took place back on Jun 05 ’24, which means that DEHNE TANUJA M is holding 50,710 shares at $17,780 based on the most recent closing price.
Stock Fundamentals for GPMT
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- 0.83 for the gross margin
The net margin for Granite Point Mortgage Trust Inc stands at -1.05. The total capital return value is set at 0.01. Equity return is now at value -23.47, with -6.73 for asset returns.
Based on Granite Point Mortgage Trust Inc (GPMT), the company’s capital structure generated 0.57 points at debt to capital in total, while cash flow to debt ratio is standing at 0.02. The debt to equity ratio resting at 1.35. The interest coverage ratio of the stock is 0.14.
When we switch over and look at the enterprise to sales, we see a ratio of 5.3. The receivables turnover for the company is 19.26for trailing twelve months and the total asset turnover is 0.08.
Conclusion
In summary, Granite Point Mortgage Trust Inc (GPMT) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
