Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
Granite Point Mortgage Trust Inc (NYSE: GPMT) closed the day trading at $2.80 down -3.45% from the previous closing price of $2.90. In other words, the price has decreased by -$3.45 from its previous closing price. On the day, 0.63 million shares were traded.
Ratios:
For a better understanding of GPMT, 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 1.22 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 9.16. In the meantime, Its Debt-to-Equity ratio is 2.38 whereas as Long-Term Debt/Eq ratio is at 2.38.
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:
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.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.72 while its Price-to-Book (P/B) ratio in mrq is 0.22.
Stock Price History:
Over the past 52 weeks, GPMT has reached a high of $5.01, while it has fallen to a 52-week low of $2.46. The 50-Day Moving Average of the stock is -6.07%, while the 200-Day Moving Average is calculated to be -7.94%.
Shares Statistics:
A total of 48.80M shares are outstanding, with a floating share count of 47.27M. Insiders hold about 5.38% of the company’s shares, while institutions hold 50.85% stake in the company.
Earnings Estimates
Investors are keenly observing as 1.0 analysts analyze and rate the current performance of Granite Point Mortgage Trust Inc (GPMT) in the stock market.The consensus estimate for the next quarter is -$0.57, with high estimates of -$0.57 and low estimates of -$0.57.
Analysts are recommending an EPS of between -$2.0 and -$2.0 for the fiscal current year, implying an average EPS of -$2.0. EPS for the following year is $0.07, with 2.0 analysts recommending between $0.18 and -$0.05.
Revenue Estimates
1 analysts predict $10.7M in revenue for the current quarter. It ranges from a high estimate of $10.7M to a low estimate of $10.7M. As of the current estimate, Granite Point Mortgage Trust Inc’s year-ago sales were $12.52MFor the next quarter, 1 analysts are estimating revenue of $10.2M. There is a high estimate of $10.2M for the next quarter, whereas the lowest estimate is $10.2M.
A total of 1 analysts have provided revenue estimates for GPMT’s current fiscal year. The highest revenue estimate was $40.6M, while the lowest revenue estimate was $40.6M, resulting in an average revenue estimate of $40.6M. In the same quarter a year ago, actual revenue was $35.88MBased on 2 analysts’ estimates, the company’s revenue will be $54.27M in the next fiscal year. The high estimate is $57.04M and the low estimate is $51.5M.
