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After finishing at $3.17 in the prior trading day, Granite Point Mortgage Trust Inc (NYSE: GPMT) closed at $2.98, down -5.99%. In other words, the price has decreased by -$5.99 from its previous closing price. On the day, 0.59 million shares were traded. GPMT stock price reached its highest trading level at $3.0833 during the session, while it also had its lowest trading level at $2.96.
Ratios:
Our goal is to gain a better understanding of GPMT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.53 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.57. In the meantime, Its Debt-to-Equity ratio is 2.58 whereas as Long-Term Debt/Eq ratio is at 0.89.
On December 06, 2023, UBS started tracking the stock assigning a Buy rating and target price of $6.50.
Keefe Bruyette Downgraded its Mkt Perform to Underperform on December 15, 2022, while the target price for the stock was maintained at $6.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 05 ’24 when KASNET STEPHEN G sold 27,027 shares for $3.08 per share. The transaction valued at 83,162 led to the insider holds 121,066 shares of the business.
DEHNE TANUJA M sold 5,717 shares of GPMT for $17,780 on Jun 05 ’24. The Director now owns 50,710 shares after completing the transaction at $3.11 per share. On Nov 16 ’23, another insider, TAYLOR JOHN A, who serves as the President and CEO of the company, bought 5,500 shares for $5.06 each. As a result, the insider paid 27,830 and bolstered with 275,013 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GPMT now has a Market Capitalization of 151038624 and an Enterprise Value of 1880152704. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.64 while its Price-to-Book (P/B) ratio in mrq is 0.21. Its current Enterprise Value per Revenue stands at -14.369.
Stock Price History:
Over the past 52 weeks, GPMT has reached a high of $6.41, while it has fallen to a 52-week low of $2.46. The 50-Day Moving Average of the stock is 6.95%, while the 200-Day Moving Average is calculated to be -25.84%.
Shares Statistics:
The stock has traded on average 400.66K shares per day over the past 3-months and 564080 shares per day over the last 10 days, according to various share statistics. A total of 50.58M shares are outstanding, with a floating share count of 49.27M. Insiders hold about 2.80% of the company’s shares, while institutions hold 52.88% stake in the company. Shares short for GPMT as of 1726185600 were 1030705 with a Short Ratio of 2.57, compared to 1723680000 on 718683. Therefore, it implies a Short% of Shares Outstanding of 1030705 and a Short% of Float of 2.34.
Dividends & Splits
In the trailing 12 months, GPMT’s forward annual dividend rate was 0.6, compared to 0.45 this year. Against a Trailing Annual Dividend Yield of 0.19230771The stock’s 5-year Average Dividend Yield is 13.63.
