Granite Point Mortgage Trust Inc (NYSE: GPMT) on Friday, plunged -7.53% from the previous trading day, before settling in for the closing price of $2.39. Within the past 52 weeks, GPMT’s price has moved between $2.38 and $4.60.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Real Estate sector was -3.01%. The company achieved an average annual earnings per share of 13.60%. With a float of $45.92 million, this company’s outstanding shares have now reached $48.80 million.
Considering the fact that the conglomerate employs 33 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 104.6%, operating margin of 36.37%, and the pretax margin is -166.3%.
Granite Point Mortgage Trust Inc (GPMT) Insider Activity
Observing investor behavior towards REIT – Mortgage industry stocks is more important than anything else. The insider ownership of Granite Point Mortgage Trust Inc is 6.00%, while institutional ownership is 51.68%. The most recent insider transaction that took place on Mar 04 ’25, was worth 8,880. In this transaction Director of this company bought 500 shares at a rate of $17.76, taking the stock ownership to the 769 shares. Before that another transaction happened on Feb 26 ’25, when Company’s Director bought 1,126 for $17.71, making the entire transaction worth $19,941. This insider now owns 33,028 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 -0.78 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 13.60% per share during the next fiscal year.
Granite Point Mortgage Trust Inc (NYSE: GPMT) Trading Performance Indicators
Granite Point Mortgage Trust Inc (GPMT) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.55. Likewise, its price to free cash flow for the trailing twelve months is 32.52.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -4.40, a number that is poised to hit -0.67 in the next quarter and is forecasted to reach -0.20 in one year’s time.
Technical Analysis of Granite Point Mortgage Trust Inc (GPMT)
Compared to the last year’s volume of 0.35 million, its volume of 0.29 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 7.84%. Additionally, its Average True Range was 0.11.
During the past 100 days, Granite Point Mortgage Trust Inc’s (GPMT) raw stochastic average was set at 3.33%, which indicates a significant decrease from 6.89% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 39.80% in the past 14 days, which was lower than the 42.88% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.82, while its 200-day Moving Average is $2.93. Nevertheless, the first resistance level for the watch stands at $2.30 in the near term. At $2.39, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.46. If the price goes on to break the first support level at $2.14, it is likely to go to the next support level at $2.07. Should the price break the second support level, the third support level stands at $1.98.
Granite Point Mortgage Trust Inc (NYSE: GPMT) Key Stats
Market capitalization of the company is 107.96 million based on 48,851K outstanding shares. Right now, sales total 35,880 K and income totals -207,050 K. The company made 7,570 K in profit during its latest quarter, and -38,840 K in sales during its previous quarter.
