Can Granite Point Mortgage Trust Inc. (GPMT) Add Value To Your Portfolio?

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As of Wednesday close, Granite Point Mortgage Trust Inc.’s (NYSE:GPMT) stock was up $0.1, moving up 1.66 percent to $6.12. The average number of shares traded per day over the past five days has been 933,980 shares. 5 times new highs have been achieved over the past 5 days, with a $0.32 gain in that time frame. In the last twenty days, the average volume was 794,240, while in the previous 50 days, it was 712,450.

Since last month, GPMT stock retreated -14.88%. Shares of the company fell to $5.45 on 11/17/22, the lowest level in the past month. A 52-week high of $12.66 was reached on 01/19/22 after having rallying from a 52-week low of $5.45. Since the beginning of this year, GPMT’s stock price has dropped by -47.74% or -$5.59, and marked a new high 5 times. However, the stock has declined by -51.66% since its 52-week high.


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Valuation Metrics

The stock’s beta is 1.56. Besides these, the trailing price-to-sales (P/S) ratio of 1.54, the price-to-book (PB) ratio of 0.32, and the price-to-cash flow ratio of 201.47 may also be considered.

The latest dividend of $0.25 per share was paid out, remained unchanged from last year’s $0.25. On Thursday March 18 2021, a $0.55 dividend decrease was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.54, and the total debt-to-equity ratio was 2.73. On the profitability front, the trailing twelve-month gross margin is 43.10% percent. In the year ended June 29, operating margins totaled -13.70%. Based on annual data, GPMT earned $68.55 million in gross profit and brought in $92.71 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 1.70%. Return on equity (ROE) for the past 12 months was -3.70%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. While analysts expected Granite Point Mortgage Trust Inc. to report $0.22 quarterly earnings, the actual figure was $0.22 per share. During the quarter, the company generated -$25.16 million in EBITDA. The value of shareholders’ equity is $52.35 million.

Technical Picture

This quick technical analysis looks at Granite Point Mortgage Trust Inc.’s (GPMT) price momentum. With a historical volatility rate of 62.22%, the RSI 9-day stood at 41.88% on 23 November.

With respect to its five-day moving average, the current Granite Point Mortgage Trust Inc. price is up by +5.52% percent or $0.32. At present, GPMT shares trade -17.41% below its 20-day simple moving average and -37.23% percent below its 100-day simple moving average. However, the stock is currently trading approximately -32.82% below its SMA50 and -47.33% below its SMA200.

Stochastic coefficient K was 24.61% and Stochastic coefficient D was 20.71%, while ATR was 0.36. Given the Stochastic reading of 30.54% for the 14-day period, the RSI (14) reading has been calculated as 41.08%. As of today, the MACD Oscillator reading stands at -0.08, while the 14-day reading stands at -0.38.

Analyst Ratings

Credit Suisse upgraded its rating on Granite Point Mortgage Trust Inc. (NYSE: GPMT) to an Outperform in a note to investors on May 14, 2021. The analysts firm previously had a Neutral rating on the stock.Granite Point Mortgage Trust Inc. (GPMT) has been rated Overweight by analysts. According to 0 brokerage firms, GPMT is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Granite Point Mortgage Trust Inc. stock as buy, with 2 recommending it as overweight.

With a median target price of $9.50, the current consensus forecast for the stock is $7.50 – $12.00. Based on these forecasts, analysts predict Granite Point Mortgage Trust Inc. (GPMT) will achieve an average price target of $9.63.

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