Daily Progress: Granite Point Mortgage Trust Inc (GPMT) Drop -6.54, Closing at 3.00

Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.

In the latest session, Granite Point Mortgage Trust Inc (NYSE: GPMT) closed at $3.00 down -6.54% from its previous closing price of $3.21. In other words, the price has decreased by -$6.54 from its previous closing price. On the day, 0.5 million shares were traded. GPMT stock price reached its highest trading level at $3.23 during the session, while it also had its lowest trading level at $2.975.

Ratios:

For a deeper understanding of Granite Point Mortgage Trust Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.20 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.81. In the meantime, Its Debt-to-Equity ratio is 2.41 whereas as Long-Term Debt/Eq ratio is at 0.33.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Keefe Bruyette on December 10, 2024, Upgraded its rating to Mkt Perform and sets its target price to $3.25 from $3 previously.

On December 06, 2023, UBS started tracking the stock assigning a Buy rating and target price of $6.50.UBS initiated its Buy rating on December 06, 2023, with a $6.50 target price.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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.

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 149872800 and an Enterprise Value of 1643503616. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.70 while its Price-to-Book (P/B) ratio in mrq is 0.22. Its current Enterprise Value per Revenue stands at -11.732.

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 -6.53%, while the 200-Day Moving Average is calculated to be -10.99%.

Shares Statistics:

For the past three months, GPMT has traded an average of 398.35K shares per day and 259290 over the past ten days. A total of 49.96M shares are outstanding, with a floating share count of 48.54M. Insiders hold about 2.84% of the company’s shares, while institutions hold 49.49% stake in the company. Shares short for GPMT as of 1732838400 were 939717 with a Short Ratio of 2.36, compared to 1730332800 on 1245347. Therefore, it implies a Short% of Shares Outstanding of 939717 and a Short% of Float of 2.17.

Dividends & Splits

According to the company, the forward annual dividend rate for GPMT is 0.45, from 0.45 in the trailing year. Against a Trailing Annual Dividend Yield of 0.1401869The stock’s 5-year Average Dividend Yield is 13.79.

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