Pennymac Mortgage Investment Trust (NYSE:PMT) shares, rose in value on Friday, May 30, with the stock price down by -0.49% to the previous day’s close as strong demand from buyers drove the stock to $12.28.
Actively observing the price movement in the last trading, the stock closed the session at $12.34. The PE ratio was 13.19 over 12-month period. Referring to stock’s 52-week performance, its high was $14.98, and the low was $11.77. On the whole, PMT has fluctuated by -4.36% over the past month.
With the market capitalization of Pennymac Mortgage Investment Trust currently standing at about $1.07 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.60, with its dividend yield at 13.03%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PMT’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.50, with the price of PMT currently trading nearly -3.08% and -6.52% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.33, while the 7-day volatility ratio is showing 1.14% which for the 30-day chart, stands at 1.30%. Furthermore, Pennymac Mortgage Investment Trust (PMT)’s beta value is 1.26, and its average true range (ATR) is 0.27.
A comparison of Pennymac Mortgage Investment Trust (PMT) with its peers suggests the former has fared considerably weaker in the market. PMT showed an intraday change of -0.49% in last session, and over the past year, it shrunk by -9.64%%.
Data on historical trading for Pennymac Mortgage Investment Trust (NYSE:PMT) indicates that the trading volumes over the past 3 months, they’ve averaged 881.77K. According to company’s latest data on outstanding shares, there are 87.01 million shares outstanding.
Nearly 0.99% of Pennymac Mortgage Investment Trust’s shares belong to company insiders and institutional investors own 72.39% of the company’s shares. The stock has fallen by -2.46% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PMT stock heading into the next quarter.
