On Tuesday, Granite Point Mortgage Trust Inc (NYSE: GPMT) opened higher 3.85% from the last session, before settling in for the closing price of $2.86. Price fluctuations for GPMT have ranged from $2.46 to $6.41 over the past 52 weeks.
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Real Estate Sector giant saw their annual sales surged by 9.07% over the last five years. Company’s average yearly earnings per share was noted -413.04% at the time writing. With a float of $48.54 million, this company’s outstanding shares have now reached $49.96 million.
The firm has a total of 35 workers. Let’s measure their productivity. In terms of profitability, gross margin is 83.44%, operating margin of 12.71%, and the pretax margin is -102.92%.
Granite Point Mortgage Trust Inc (GPMT) Insider Activity
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 2.84%, while institutional ownership is 49.49%. 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) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.25 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -413.04% 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 0.69. Likewise, its price to free cash flow for the trailing twelve months is 9.72.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.88, a number that is poised to hit -0.95 in the next quarter and is forecasted to reach -1.88 in one year’s time.
Technical Analysis of Granite Point Mortgage Trust Inc (GPMT)
Analysing the last 5-days average volume posted by the [Granite Point Mortgage Trust Inc, GPMT], we can find that recorded value of 0.54 million was better than the volume posted last year of 0.43 million. As of the previous 9 days, the stock’s Stochastic %D was 12.30%. Additionally, its Average True Range was 0.13.
During the past 100 days, Granite Point Mortgage Trust Inc’s (GPMT) raw stochastic average was set at 42.50%, which indicates a significant increase from 24.82% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 40.38% in the past 14 days, which was lower than the 46.52% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.21, while its 200-day Moving Average is $3.33. Now, the first resistance to watch is $3.01. This is followed by the second major resistance level at $3.05. The third major resistance level sits at $3.13. If the price goes on to break the first support level at $2.90, it is likely to go to the next support level at $2.82. Should the price break the second support level, the third support level stands at $2.78.
Granite Point Mortgage Trust Inc (NYSE: GPMT) Key Stats
There are currently 49,958K shares outstanding in the company with a market cap of 148.38 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 7,660 K and its income totaled -31,020 K.
