On Friday, Granite Point Mortgage Trust Inc (NYSE: GPMT) opened higher 7.89% from the last session, before settling in for the closing price of $2.66. Price fluctuations for GPMT have ranged from $2.46 to $6.41 over the past 52 weeks.
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Annual sales at Real Estate sector company grew by 9.07% over the past five years. Company’s average yearly earnings per share was noted -370.64% at the time writing. With a float of $49.27 million, this company’s outstanding shares have now reached $50.58 million.
Let’s look at the performance matrix of the company that is accounted for 35 employees. In terms of profitability, gross margin is 86.29%, operating margin of 21.6%, and the pretax margin is -92.25%.
Granite Point Mortgage Trust Inc (GPMT) 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 Granite Point Mortgage Trust Inc is 2.80%, while institutional ownership is 55.30%. The most recent insider transaction that took place on Jun 05 ’24, was worth 83,162. In this transaction Director of this company sold 27,027 shares at a rate of $3.08, taking the stock ownership to the 121,066 shares. Before that another transaction happened on Jun 05 ’24, when Company’s Director sold 5,717 for $3.11, making the entire transaction worth $17,780. This insider now owns 50,710 shares in total.
Granite Point Mortgage Trust Inc (GPMT) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around -370.64% per share during the next fiscal year.
Granite Point Mortgage Trust Inc (NYSE: GPMT) Trading Performance Indicators
Check out the current performance indicators for Granite Point Mortgage Trust Inc (GPMT). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.62. Likewise, its price to free cash flow for the trailing twelve months is 5.37.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.68, a number that is poised to hit -0.51 in the next quarter and is forecasted to reach -0.90 in one year’s time.
Technical Analysis of Granite Point Mortgage Trust Inc (GPMT)
Granite Point Mortgage Trust Inc (NYSE: GPMT) saw its 5-day average volume 0.37 million, a negative change from its year-to-date volume of 0.43 million. As of the previous 9 days, the stock’s Stochastic %D was 61.70%. Additionally, its Average True Range was 0.12.
During the past 100 days, Granite Point Mortgage Trust Inc’s (GPMT) raw stochastic average was set at 19.71%, which indicates a significant decrease from 100.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 48.25% in the past 14 days, which was lower than the 50.77% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.77, while its 200-day Moving Average is $4.16. Nevertheless, the first resistance level for the watch stands at $2.95 in the near term. At $3.03, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.18. If the price goes on to break the first support level at $2.71, it is likely to go to the next support level at $2.56. The third support level lies at $2.48 if the price breaches the second support level.
Granite Point Mortgage Trust Inc (NYSE: GPMT) Key Stats
There are currently 51,035K shares outstanding in the company with a market cap of 145.45 million. Presently, the company’s annual sales total 82,000 K according to its annual income of -63,200 K. Last quarter, the company’s sales amounted to 8,130 K and its income totaled -63,070 K.
