Granite Point Mortgage Trust Inc. [NYSE: GPMT] gained 11.48% on the last trading session, reaching $6.99 price per share at the time. Granite Point Mortgage Trust Inc. represents 55.06 million in outstanding shares, while the company has a total market value of $345.73 million with the latest information. GPMT stock price has been found in the range of $6.28 to $7.08.
If compared to the average trading volume of 2.75M shares, GPMT reached a trading volume of 1729907 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Granite Point Mortgage Trust Inc. [GPMT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GPMT shares is $7.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GPMT stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
JMP Securities have made an estimate for Granite Point Mortgage Trust Inc. shares, keeping their opinion on the stock as Mkt Outperform, with their previous recommendation back on March 26, 2020. While these analysts kept the previous recommendation, Credit Suisse raised their target price to Neutral. The new note on the price target was released on January 08, 2020, representing the official price target for Granite Point Mortgage Trust Inc. stock. On August 14, 2019, analysts decreased their price target for GPMT shares from 21 to 20.50.
The Average True Range (ATR) for Granite Point Mortgage Trust Inc. is set at 0.86, with the Price to Sales ratio for GPMT stock in the period of the last 12 months amounting to 1.37. The Price to Book ratio for the last quarter was 0.40, with the Price to Cash per share for the same quarter was set at 2.01.
Trading performance analysis for GPMT stock
Granite Point Mortgage Trust Inc. [GPMT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.42. With this latest performance, GPMT shares gained by 61.06% in over the last four-week period, additionally sinking by -61.76% over the last 6 months – not to mention a drop of -63.07% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GPMT stock in for the last two-week period is set at 56.37, with the RSI for the last a single of trading hit 55.19, and the three-weeks RSI is set at 54.05 for Granite Point Mortgage Trust Inc. [GPMT]. The present Moving Average for the last 50 days of trading for this stock 5.06, while it was recorded at 7.68 for the last single week of trading, and 13.98 for the last 200 days.
Granite Point Mortgage Trust Inc. [GPMT]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Granite Point Mortgage Trust Inc. [GPMT] shares currently have an operating margin of +28.37 and a Gross Margin at +92.31. Granite Point Mortgage Trust Inc.’s Net Margin is presently recorded at +28.37.
Return on Total Capital for GPMT is now 1.81, given the latest momentum, and Return on Invested Capital for the company is 2.30. Return on Equity for this stock inclined to 7.60, with Return on Assets sitting at 1.80. When it comes to the capital structure of this company, Granite Point Mortgage Trust Inc. [GPMT] has a Total Debt to Total Equity ratio set at 332.62. Additionally, GPMT Total Debt to Total Capital is recorded at 76.89, with Total Debt to Total Assets ending up at 76.07. Long-Term Debt to Equity for the company is recorded at 263.34, with the Long-Term Debt to Total Capital now at 60.81.
Receivables Turnover for the company is 22.92 with a Total Asset Turnover recorded at a value of 0.06.
Granite Point Mortgage Trust Inc. [GPMT]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Granite Point Mortgage Trust Inc. posted 0.36/share EPS, while the average EPS was predicted by analysts to be reported at 0.39/share.When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -7.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GPMT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Granite Point Mortgage Trust Inc. go to 0.64%.
An analysis of insider ownership at Granite Point Mortgage Trust Inc. [GPMT]
There are presently around $288 million, or 76.40% of GPMT stock, in the hands of institutional investors. The top three institutional holders of GPMT stocks are: BLACKROCK INC. with ownership of 9,365,725, which is approximately -3.035% of the company’s market cap and around 1.70% of the total institutional ownership; VANGUARD GROUP INC, holding 5,663,346 shares of the stock with an approximate value of $39.59 million in GPMT stocks shares; and TIMBERCREEK INVESTMENT MANAGEMENT INC., currently with $17.54 million in GPMT stock with ownership of nearly 140.157% of the company’s market capitalization.
Positions in Granite Point Mortgage Trust Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 77 institutional holders increased their position in Granite Point Mortgage Trust Inc. [NYSE:GPMT] by around 5,877,946 shares. Additionally, 86 investors decreased positions by around 6,222,423 shares, while 46 investors held positions by with 29,156,793 shares. The mentioned changes placed institutional holdings at 41,257,162 shares, according to the latest SEC report filing. GPMT stock had 19 new institutional investments in for a total of 929,403 shares, while 29 institutional investors sold positions of 2,598,544 shares during the same period.