Pennymac Mortgage Investment Trust (NYSE:PMT) price on Friday, May 23, fall -0.73% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $12.22.
A look at the stock’s price movement, the close in the last trading session was $12.31. The PE ratio in trailing twelve months stood at 13.12. Turning to its 52-week performance, $14.98 and $11.77 were the 52-week high and 52-week low respectively. Overall, PMT moved 1.24% over the past month.
Pennymac Mortgage Investment Trust’s market cap currently stands at around $1.06 billion, with investors looking forward to this quarter’s earnings report slated for in June. The company has a Forward Dividend ratio of 1.60, with its dividend yield at 13.09%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Turning to the stock’s technical picture we see that short term indicators suggest on average that PMT is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 1 recommend PMT as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 2.49, with PMT’s current price about -4.23% and -8.25% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 36.08, while 7-day volatility ratio is 1.71% and 1.51% in the 30-day chart. Further, Pennymac Mortgage Investment Trust (PMT) has a beta value of 1.28, and an average true range (ATR) of 0.29. Analysts have given the company’s stock an average 52-week price target of $14, forecast between a low of $14 and high of $14. Looking at the price targets, the low is -14.57% off current price level while to achieve the yearly target high, price needs to move -14.57%. Nonetheless, investors will most likely welcome a -14.57% jump to $14 which is the analysts’ median price.
If we refocus on Pennymac Mortgage Investment Trust (NYSE:PMT), historical trading data shows that trading volumes averaged 904.35K over the past 3 months. The company’s latest data on shares outstanding shows there are 87.01 million shares.
The 0.99% of Pennymac Mortgage Investment Trust’s shares are in the hands of company insiders while institutional holders own 72.41% of the company’s shares. Current price change has pushed the stock -2.94% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PMT stock continues to rise going into the next quarter.
