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After finishing at $14.72 in the prior trading day, Pennymac Mortgage Investment Trust (NYSE: PMT) closed at $14.89, up 1.15%. In other words, the price has increased by $1.15 from its previous closing price. On the day, 1.03 million shares were traded. PMT stock price reached its highest trading level at $14.98 during the session, while it also had its lowest trading level at $14.633.
Ratios:
Our goal is to gain a better understanding of PMT 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 2.75 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 0.57. In the meantime, Its Debt-to-Equity ratio is 5.07 whereas as Long-Term Debt/Eq ratio is at 0.97.
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 Apr 26 ’24 when Lynch Catherine A. bought 715 shares for $14.19 per share. The transaction valued at 10,138 led to the insider holds 33,915 shares of the business.
Jones Doug sold 7,810 shares of PMT for $111,976 on Mar 11 ’24. The Director, President & CMBO now owns 53,311 shares after completing the transaction at $14.34 per share. On Mar 04 ’24, another insider, Preston Paul DuFauchard, Jr., who serves as the Director of the company, sold 4,961 shares for $14.02 each. As a result, the insider received 69,561 and left with 44,282 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, PMT now has a Market Capitalization of 1293245568 and an Enterprise Value of 11629946880. As of this moment, Pennymac’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.90, and their Forward P/E ratio for the next fiscal year is 9.93. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.38. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.85 while its Price-to-Book (P/B) ratio in mrq is 0.91. Its current Enterprise Value per Revenue stands at 19.368.
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 5.93%, while the 200-Day Moving Average is calculated to be 7.15%.
Shares Statistics:
The stock has traded on average 840.00K shares per day over the past 3-months and 1167449 shares per day over the last 10 days, according to various share statistics. A total of 86.62M shares are outstanding, with a floating share count of 85.72M. Insiders hold about 1.29% of the company’s shares, while institutions hold 67.10% stake in the company. Shares short for PMT as of 1719532800 were 4339222 with a Short Ratio of 5.17, compared to 1717113600 on 4006721. Therefore, it implies a Short% of Shares Outstanding of 4339222 and a Short% of Float of 7.12.
Dividends & Splits
In the trailing 12 months, PMT’s forward annual dividend rate was 1.6, compared to 1.60 this year. Against a Trailing Annual Dividend Yield of 0.10869565The stock’s 5-year Average Dividend Yield is 11.12.
