Granite Point Mortgage Trust Inc. (GPMT) Is A Stock You Should Watch

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As of Friday close, Granite Point Mortgage Trust Inc.’s (NYSE:GPMT) stock was down -$0.21, moving down -4.09 percent to $4.93. The average number of shares traded per day over the past five days has been 4,508,320 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.26 fall in that time frame. In the last twenty days, the average volume was 1,839,055, while in the previous 50 days, it was 987,440.

Since last month, GPMT stock retreated -20.10%. Shares of the company fell to $4.79 on 03/13/23, the lowest level in the past month. A 52-week high of $11.57 was reached on 02/02/23 after having rallying from a 52-week low of $4.79. Since the beginning of this year, GPMT’s stock price has dropped by -8.02% or -$0.43, and marked a new high 14 times. However, the stock has declined by -57.39% since its 52-week high.


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Valuation Metrics

The stock’s beta is 1.66. Besides these, the trailing price-to-sales (P/S) ratio of 1.26, the price-to-book (PB) ratio of 0.26, and the price-to-cash flow ratio of 57.49 may also be considered.

The latest dividend of $0.20 per share was paid out, which is -20.0% less than last year’s $0.25. On Tuesday December 20 2022, a $0.05 dividend decrease was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 1.44, and the total debt-to-equity ratio was 2.47. On the profitability front, the trailing twelve-month gross margin is 40.00% percent. In the year ended September 29, operating margins totaled -19.50%. Based on annual data, GPMT earned -$40.81 million in gross profit and brought in $84.72 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 -1.20%. Return on equity (ROE) for the past 12 months was -5.40%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Granite Point Mortgage Trust Inc. to report $0.21 quarterly earnings, the actual figure was $0.17 per share, beating the consensus estimate by -19.00%. During the quarter, the company generated -$5.74 million in EBITDA. The value of shareholders’ equity is $52.53 million.

Technical Picture

This quick technical analysis looks at Granite Point Mortgage Trust Inc.’s (GPMT) price momentum. With a historical volatility rate of 43.11%, the RSI 9-day stood at 28.17% on 17 March.

With respect to its five-day moving average, the current Granite Point Mortgage Trust Inc. price is down by -5.01% percent or -$0.26. At present, GPMT shares trade -19.44% below its 20-day simple moving average and -25.53% percent below its 100-day simple moving average. However, the stock is currently trading approximately -11.81% below its SMA50 and -55.18% below its SMA200.

Stochastic coefficient K was 17.48% and Stochastic coefficient D was 18.27%, while ATR was 0.29. Given the Stochastic reading of 10.77% for the 14-day period, the RSI (14) reading has been calculated as 30.55%. As of today, the MACD Oscillator reading stands at -0.16, while the 14-day reading stands at -0.40.

Analyst Ratings

Granite Point Mortgage Trust Inc. downgraded its rating on Granite Point Mortgage Trust Inc. (NYSE: GPMT) to an Underperform in a note to investors on December 15, 2022. The analysts firm previously had a Mkt perform rating on the stock.

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