PennyMac Mortgage Investment Trust (NYSE:PMT) has a beta of 1.15, a 12-month trailing P/E ratio of 2.78, and a growth ratio of 0.67. The stock’s Relative Strength Index (RSI) is 49.41, with weekly volatility at 1.45% and ATR at 0.38. The PMT stock’s 52-week price range has touched low of $10.62 and a $20.59 high. Its shares traded higher over the last trading session, gaining 0.31% on 05/27/21. The shares fell to a low of $19.35 before closing at $19.36. Intraday shares traded counted 0.74 million, which was 14.1% higher than its 30-day average trading volume of 859.65K. PMT’s previous close was $19.30 while the outstanding shares total 97.89M.
Investors have identified the REIT – Mortgage company PennyMac Mortgage Investment Trust as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $1.91 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Potential earnings growth for PennyMac Mortgage Investment Trust (PMT)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/05/2021 quarter of the year, PennyMac Mortgage Investment Trust recorded a total of 277.7 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 253.2% coming in sequential stages and their sales for the 08/05/2021 quarter increasing by 4.15%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 94.73 million trying to sell their products during the last quarter, with the result yielding a gross income of 182.98 million. This allows shareholders to hold on to 97.89M with the recently reported earning now reading 0.67 cents per share. This is a figure that compared to analyst’s prediction for their 08/05/2021 (0.67 cents a share).
Having a look at the company’s valuation, the company is expected to record 2.18 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on PMT sounds very interesting.
Is the stock of PMT attractive?
In related news, Director, Stewart Stacey D. sold 774 shares of the company’s stock in a transaction that recorded on Mar 16. The sale was performed at an average price of 19.70, for a total value of 15,248. As the sale deal closes, the Director, Carnahan Scott W. now sold 1,645 shares of the company’s stock, valued at 32,406. Also, Director, Stewart Stacey D. sold 667 shares of the company’s stock in a deal that was recorded on Mar 05. The shares were price at an average price of 18.74 per share, with a total market value of 12,500. Following this completion of acquisition, the Director, Stewart Stacey D. now holds 703 shares of the company’s stock, valued at 13,835. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.90%.
4 out of 8 analysts covering the stock have rated it a Buy, while 4 have maintained a Hold recommendation on PennyMac Mortgage Investment Trust. 0 analysts has assigned a Sell rating on the PMT stock. The 12-month mean consensus price target for the company’s shares has been set at $20.25.