Pennymac Mortgage Investment Trust (NYSE: PMT) has seen a decline in its stock price by -0.79 in relation to its previous close of 13.88. However, the company has experienced a 0.36% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-06-20 that PennyMac Mortgage Investment Trust offers three preferred shares with practically equal yields. PennyMac saw declines in profitability due to higher interest rates affecting net interest income, but generated $163 million in servicing revenues. PennyMac’s shift towards mortgage servicing stabilizes operations, making preferred shares more attractive, but liquidity and regulatory risks should be considered.
Is It Worth Investing in Pennymac Mortgage Investment Trust (NYSE: PMT) Right Now?
Pennymac Mortgage Investment Trust (NYSE: PMT) has a price-to-earnings ratio that is above its average at 9.15x. The stock has a 36-month beta value of 1.47. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 0 as “overweight,” 3 as “hold,” and 1 as “sell.”
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The public float for PMT is 85.73M, and at present, short sellers hold a 4.67% of that float. On June 21, 2024, the average trading volume of PMT was 748.85K shares.
PMT’s Market Performance
PMT’s stock has seen a 0.36% increase for the week, with a -7.89% drop in the past month and a -5.36% fall in the past quarter. The volatility ratio for the week is 1.58%, and the volatility levels for the past 30 days are at 1.95% for Pennymac Mortgage Investment Trust The simple moving average for the past 20 days is 0.55% for PMT’s stock, with a -0.15% simple moving average for the past 200 days.
Analysts’ Opinion of PMT
UBS, on the other hand, stated in their research note that they expect to see PMT reach a price target of $13.50. The rating they have provided for PMT stocks is “Neutral” according to the report published on December 06th, 2023.
PMT Trading at -1.71% from the 50-Day Moving Average
After a stumble in the market that brought PMT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -13.34% of loss for the given period.
Volatility was left at 1.95%, however, over the last 30 days, the volatility rate increased by 1.58%, as shares surge +0.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.94% lower at present.
During the last 5 trading sessions, PMT rose by +0.36%, which changed the moving average for the period of 200-days by +2.30% in comparison to the 20-day moving average, which settled at $13.70. In addition, Pennymac Mortgage Investment Trust saw -7.89% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PMT starting from Lynch Catherine A., who purchase 715 shares at the price of $14.19 back on Apr 26 ’24. After this action, Lynch Catherine A. now owns 33,915 shares of Pennymac Mortgage Investment Trust, valued at $10,138 using the latest closing price.
Jones Doug, the Director, President & CMBO of Pennymac Mortgage Investment Trust, sale 7,810 shares at $14.34 during a trade that took place back on Mar 11 ’24, which means that Jones Doug is holding 53,311 shares at $111,976 based on the most recent closing price.
Stock Fundamentals for PMT
Current profitability levels for the company are sitting at:
- 0.57 for the present operating margin
- 0.9 for the gross margin
The net margin for Pennymac Mortgage Investment Trust stands at 0.22. The total capital return value is set at 0.07. Equity return is now at value 9.47, with 1.35 for asset returns.
Based on Pennymac Mortgage Investment Trust (PMT), the company’s capital structure generated 0.84 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23. The debt to equity ratio resting at 5.07. The interest coverage ratio of the stock is 0.85.
Currently, EBITDA for the company is -25.07 million with net debt to EBITDA at 156.13. When we switch over and look at the enterprise to sales, we see a ratio of 13.17. The receivables turnover for the company is 835733.0for trailing twelve months and the total asset turnover is 0.07.
Conclusion
To sum up, Pennymac Mortgage Investment Trust (PMT) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
