On May 23, 2023, PennyMac Mortgage Investment Trust (NYSE: PMT) opened at $11.74,. During the day, the shares moved up to $12.07 and dropped to $11.725 before settling in for the closing price of $11.74. Price fluctuations for PMT have ranged from $10.78 to $16.60 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Real Estate sector saw sales topped by 8.80%. Company’s average yearly earnings per share was noted -579.80% at the time writing. With a float of $86.66 million, this company’s outstanding shares have now reached $88.83 million.
The extent of productivity of a business whose workforce counts for 1 workers is very important to gauge.
PennyMac Mortgage Investment Trust (PMT) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the REIT – Mortgage industry is another important factor to consider. The insider ownership of PennyMac Mortgage Investment Trust is 0.30%, while institutional ownership is 74.00%. The most recent insider transaction that took place on May 01, was worth 3,180. In this transaction Director of this company bought 256 shares at a rate of $12.44, taking the stock ownership to the 22,489 shares. Before that another transaction happened on Mar 24, when Company’s Director bought 2,000 for $11.24, making the entire transaction worth $22,477. This insider now owns 22,233 shares in total.
PennyMac Mortgage Investment Trust (PMT) Latest Financial update
If we go through the results of last quarter, which was made public on 3/30/2023, the company posted $0.5 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $0.33) by $0.17. This company achieved a return on equity of -3.40. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.38 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -579.80% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 4.15% during the next five years compared to -24.30% drop over the previous five years of trading.
PennyMac Mortgage Investment Trust (NYSE: PMT) Trading Performance Indicators
Check out the current performance indicators for PennyMac Mortgage Investment Trust (PMT). In the past quarter, the stock posted a price to sales ratio for the trailing twelve months stands at 1.24.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.49, a number that is poised to hit 0.35 in the next quarter and is forecasted to reach 1.63 in one year’s time.
Technical Analysis of PennyMac Mortgage Investment Trust (PMT)
The latest stats from [PennyMac Mortgage Investment Trust, PMT] show that its last 5-days average volume of 0.72 million was inferior to 0.82 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 56.38%. Additionally, its Average True Range was 0.31.
During the past 100 days, PennyMac Mortgage Investment Trust’s (PMT) raw stochastic average was set at 16.38%, which indicates a significant decrease from 50.75% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.99% in the past 14 days, which was lower than the 30.41% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.86, while its 200-day Moving Average is $13.44. Now, the first resistance to watch is $11.96. This is followed by the second major resistance level at $12.19. The third major resistance level sits at $12.31. If the price goes on to break the first support level at $11.62, it is likely to go to the next support level at $11.50. The third support level lies at $11.28 if the price breaches the second support level.
PennyMac Mortgage Investment Trust (NYSE: PMT) Key Stats
There are currently 87,556K shares outstanding in the company with a market cap of 1.04 billion. Presently, the company’s annual sales total 714,190 K according to its annual income of -73,290 K. Last quarter, the company’s sales amounted to 269,500 K and its income totaled 60,700 K.
