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Pennymac Mortgage Investment Trust (NYSE: PMT) closed the day trading at $14.00 down -0.21% from the previous closing price of $14.03. In other words, the price has decreased by -$0.21 from its previous closing price. On the day, 0.54 million shares were traded. PMT stock price reached its highest trading level at $14.13 during the session, while it also had its lowest trading level at $13.98.
Ratios:
For a better understanding of PMT, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.60 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.59. In the meantime, Its Debt-to-Equity ratio is 5.03 whereas as Long-Term Debt/Eq ratio is at 1.08.
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 July 10, 2024, Upgraded its rating to Outperform and sets its target price to $15.50 from $15 previously.
On December 06, 2023, UBS started tracking the stock assigning a Neutral rating and target price of $13.50.UBS initiated its Neutral rating on December 06, 2023, with a $13.50 target price.
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 Sep 03 ’24 when Jones Doug sold 37,010 shares for $14.01 per share. The transaction valued at 518,647 led to the insider holds 49,114 shares of the business.
Jones Doug bought 22,999 shares of PMT for $322,301 on Sep 03 ’24. On Sep 03 ’24, another insider, Jones Doug, who serves as the Officer of the company, bought 14,011 shares for $14.01 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PMT now has a Market Capitalization of 1216054016 and an Enterprise Value of 11337318400. As of this moment, Pennymac’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.24, and their Forward P/E ratio for the next fiscal year is 9.46. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.21. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.80 while its Price-to-Book (P/B) ratio in mrq is 0.87. Its current Enterprise Value per Revenue stands at 20.85.
Stock Price History:
Over the past 52 weeks, PMT has reached a high of $15.89, while it has fallen to a 52-week low of $10.52. The 50-Day Moving Average of the stock is 0.28%, while the 200-Day Moving Average is calculated to be -0.64%.
Shares Statistics:
Over the past 3-months, PMT traded about 774.92K shares per day on average, while over the past 10 days, PMT traded about 731990 shares per day. A total of 86.62M shares are outstanding, with a floating share count of 85.76M. Insiders hold about 1.26% of the company’s shares, while institutions hold 68.30% stake in the company. Shares short for PMT as of 1727654400 were 4625361 with a Short Ratio of 5.97, compared to 1724976000 on 4853562. Therefore, it implies a Short% of Shares Outstanding of 4625361 and a Short% of Float of 7.59.
Dividends & Splits
PMT’s forward annual dividend rate is 1.60, up from 1.6 a year ago. Against a Trailing Annual Dividend Yield of 0.11404134The stock’s 5-year Average Dividend Yield is 11.26.
