In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
In the latest session, Pennymac Mortgage Investment Trust (NYSE: PMT) closed at $12.56 down -0.24% from its previous closing price of $12.59. In other words, the price has decreased by -$0.24 from its previous closing price. On the day, 0.65 million shares were traded. PMT stock price reached its highest trading level at $12.685 during the session, while it also had its lowest trading level at $12.47.
Ratios:
For a deeper understanding of Pennymac Mortgage Investment Trust’s stock, let’s take a closer look at its various ratios. In the meantime, Its Debt-to-Equity ratio is 5.55 whereas as Long-Term Debt/Eq ratio is at 1.10.
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:
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 Oct 25 ’24 when Lynch Catherine A. bought 838 shares for $13.81 per share. The transaction valued at 11,572 led to the insider holds 37,632 shares of the business.
Jones Doug sold 37,010 shares of PMT for $518,647 on Sep 03 ’24. The Director, President & CMBO now owns 49,114 shares after completing the transaction at $14.01 per share. On Sep 03 ’24, another insider, Jones Doug, who serves as the Officer of the company, bought 22,999 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 1090974208 and an Enterprise Value of 12014573568. As of this moment, Pennymac’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.27, and their Forward P/E ratio for the next fiscal year is 8.09. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.20. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.60 while its Price-to-Book (P/B) ratio in mrq is 0.78. Its current Enterprise Value per Revenue stands at 14.887.
Stock Price History:
Over the past 52 weeks, PMT has reached a high of $15.22, while it has fallen to a 52-week low of $12.33. The 50-Day Moving Average of the stock is -5.75%, while the 200-Day Moving Average is calculated to be -9.30%.
Shares Statistics:
For the past three months, PMT has traded an average of 749.91K shares per day and 1141890 over the past ten days. A total of 86.86M shares are outstanding, with a floating share count of 85.76M. Insiders hold about 1.27% of the company’s shares, while institutions hold 67.82% stake in the company. Shares short for PMT as of 1734048000 were 3811364 with a Short Ratio of 5.08, compared to 1731628800 on 4005951. Therefore, it implies a Short% of Shares Outstanding of 3811364 and a Short% of Float of 6.25.
Dividends & Splits
According to the company, the forward annual dividend rate for PMT is 1.60, from 1.6 in the trailing year. Against a Trailing Annual Dividend Yield of 0.12708499The stock’s 5-year Average Dividend Yield is 11.45.
