What Factors Are Influencing This Level? – BOVNews (2024)

• Melanie Gerald
• September 4, 2024
• Industry

Keefe Bruyette has recently raised PennyMac Mortgage Investment Trust (PMT) stock to Outperform rating, as announced on July 10, 2024, according to Finviz. Earlier, on January 10, 2024, Deutsche Bank had initiated the stock to Hold. UBS also initiated Neutral rating with a price target of $13.50. Additionally, BTIG Research reduced Neutral rating on February 17, 2023. Piper Sandler analysts, in their report published on February 7, 2023, also reduced Neutral rating and set a price target of $16 for PennyMac Mortgage Investment Trust’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.

PennyMac Mortgage Investment Trust (PMT) Stock Trading Recap

On Tuesday, PennyMac Mortgage Investment Trust (PMT) stock saw a decline, ending the day at $13.95 which represents a decrease of $-0.26 or -1.83% from the prior close of $14.21. The stock opened at $14.08 and touched a low of $13.91 during the day, reaching a high of $14.26. The volume of shares traded was 0.99 million exceeding the average volume of 0.83 million.

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PMT Stock Performance and Moving Averages

In recent trading, PennyMac Mortgage Investment Trust (PMT) stock price has shown some volatility, fluctuating -0.64% over the last five trades and 2.57% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -0.43%, and it has gained 0.72% in the previous three months. Currently, PMT is trading at 1.96%, 0.67%, and -1.50% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.

As of the latest trading close, PMT, a Real Estate sector stock, is trading -12.21% below its 52-week high but remains 32.60% above its 52-week low. The Average True Range (ATR) (14 days) of 0.24 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.

PennyMac Mortgage Investment Trust’s Profitability and Valuation Ratios

PennyMac Mortgage Investment Trust’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 71.56% and a profit margin of 9.57%, with a gross margin of -0.43%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.

In terms of valuation, PennyMac Mortgage Investment Trust’s market capitalization stands at $1.21 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 9.21, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 9.57. Additionally, the Price-to-Sales Ratio is 0.8, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 0.87, comparing the market value to the company’s book value.

Understanding Insider Trading

Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 1.31% of PennyMac Mortgage Investment Trust (PMT)’s shares, while financial institutions hold 68.79%.

Notable insider trades include Jones Doug, Director, President & CMBO at PennyMac Mortgage Investment Trust (PMT), who sold 7810 shares on Mar 11 ’24, at $14.34 each, totaling $0.11 million. On Mar 01 ’24, Carnahan Scott W., Director, sold 8058 shares for $14.2 each, amounting to $0.11 million. Additionally, on Dec 14 ’23, Carnahan Scott W. sold 35000 shares at $15.4 each, generating $0.54 million.

• TagsPennyMac Mortgage Investment Trust, PMT, PMT stock

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