A new trading day began on Tuesday, with Pennymac Mortgage Investment Trust (NYSE: PMT) stock price up 0.69% from the previous day of trading ,before settling in for the closing price of $14.54. PMT’s price has ranged from $10.52 to $15.89 over the past 52 weeks.
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A company in the Real Estate sector has jumped its sales by 447.48% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged -21.39%. With a float of $85.39 million, this company’s outstanding shares have now reached $86.62 million.
In an organization with 7 employees, it is important to assess its efficiency.
Pennymac Mortgage Investment Trust (PMT) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the REIT – Mortgage Industry. The insider ownership of Pennymac Mortgage Investment Trust is 1.45%, while institutional ownership is 69.78%. 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) Performance Highlights and Predictions
In its latest quarterly report, released on 12/30/2023, the company reported earnings of $0.44 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). 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
Here are Pennymac Mortgage Investment Trust’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.78. Likewise, its price to free cash flow for the trailing twelve months is 0.96.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 0.62 million. That was better than the volume of 0.6 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 61.90%. Additionally, its Average True Range was 0.26.
During the past 100 days, Pennymac Mortgage Investment Trust’s (PMT) raw stochastic average was set at 53.53%, which indicates a significant decrease from 67.12% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.12% in the past 14 days, which was lower than the 23.83% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.16, while its 200-day Moving Average is $13.61. However, in the short run, Pennymac Mortgage Investment Trust’s stock first resistance to watch stands at $14.71. Second resistance stands at $14.79. The third major resistance level sits at $14.90. If the price goes on to break the first support level at $14.53, it is likely to go to the next support level at $14.42. Assuming the price breaks the second support level, the third support level stands at $14.34.
Pennymac Mortgage Investment Trust (NYSE: PMT) Key Stats
With a market capitalization of 1.27 billion, the company has a total of 86,646K Shares Outstanding. Currently, annual sales are 1,165 M while annual income is 199,650 K. The company’s previous quarter sales were 449,430 K while its latest quarter income was 52,910 K.
