Pennymac Mortgage Investment Trust (PMT) average volume reaches $592.18K: Is Wall Street expecting a rally?

Pennymac Mortgage Investment Trust (NYSE: PMT) kicked off on Tuesday, down -1.71% from the previous trading day, before settling in for the closing price of $14.60. Over the past 52 weeks, PMT has traded in a range of $10.52-$15.89.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Real Estate sector was 447.48%. While this was happening, its average annual earnings per share was recorded -21.39%. With a float of $85.39 million, this company’s outstanding shares have now reached $86.62 million.

Considering the fact that the conglomerate employs 7 people, you should pay attention to its efficiency factor.

Pennymac Mortgage Investment Trust (PMT) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the REIT – Mortgage Industry. The insider ownership of Pennymac Mortgage Investment Trust is 1.45%, while institutional ownership is 69.79%. The most recent insider transaction that took place on Mar 11 ’24, was worth 111,976. In this transaction Director, President & CMBO of this company sold 7,810 shares at a rate of $14.34, taking the stock ownership to the 53,311 shares. Before that another transaction happened on Mar 04 ’24, when Company’s Director sold 4,961 for $14.02, making the entire transaction worth $69,561. This insider now owns 44,282 shares in total.

Pennymac Mortgage Investment Trust (PMT) Earnings and Forecasts

In the latest quarterly report, which was put into the public domain on 12/30/2023, the organization reported $0.44 earnings per share (EPS), higher than consensus estimate (set at $0.32) by $0.12. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.32 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -21.39% 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 -3.84% drop over the previous five years of trading.

Pennymac Mortgage Investment Trust (NYSE: PMT) Trading Performance Indicators

Take a look at Pennymac Mortgage Investment Trust’s (PMT) current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.76. Likewise, its price to free cash flow for the trailing twelve months is 0.94.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.61, a number that is poised to hit 0.31 in the next quarter and is forecasted to reach 1.44 in one year’s time.

Technical Analysis of Pennymac Mortgage Investment Trust (PMT)

Compared to the last year’s volume of 0.6 million, its volume of 0.63 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 56.29%. Additionally, its Average True Range was 0.27.

During the past 100 days, Pennymac Mortgage Investment Trust’s (PMT) raw stochastic average was set at 42.75%, which indicates a significant increase from 39.77% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.44% in the past 14 days, which was lower than the 23.82% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $14.20, while its 200-day Moving Average is $13.58. Nevertheless, the first resistance level for the watch stands at $14.53 in the near term. At $14.70, the stock is likely to face the second major resistance level. The third major resistance level sits at $14.84. If the price goes on to break the first support level at $14.22, it is likely to go to the next support level at $14.08. Should the price break the second support level, the third support level stands at $13.91.

Pennymac Mortgage Investment Trust (NYSE: PMT) Key Stats

The company with the Market Capitalisation of 1.24 billion has total of 86,646K Shares Outstanding. Its annual sales at the moment are 1,165 M in contrast with the sum of 199,650 K annual income. Company’s last quarter sales were recorded 449,430 K and last quarter income was 52,910 K.