Granite Point Mortgage Trust Inc [GPMT] stock is trading at $3.27, down -3.54%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GPMT shares have gain 8.64% over the last week, with a monthly amount glided 9.00%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Granite Point Mortgage Trust Inc [NYSE: GPMT] stock has seen the most recent analyst activity on February 20, 2024, when JMP Securities downgraded its rating to a Mkt Perform. Previously, UBS started tracking the stock with Buy rating on December 06, 2023, and set its price target to $6.50. On December 15, 2022, downgrade downgraded it’s rating to Underperform but maintained its price target of $6 on the stock. Credit Suisse upgraded its rating to a Outperform and increased its price target to $15 on May 14, 2021. JMP Securities upgraded its rating to a Mkt Outperform but $10 remained the price target by the analyst firm on March 26, 2020. Credit Suisse started tracking with a Neutral rating for this stock on January 08, 2020, and assigned it a price target of $18. In a note dated January 02, 2020, JMP Securities downgraded an Mkt Perform rating on this stock.
Granite Point Mortgage Trust Inc [GPMT] stock has fluctuated between $2.46 and $6.41 over the past year. Currently, Wall Street analysts expect the stock to reach $6.25 within the next 12 months. Granite Point Mortgage Trust Inc [NYSE: GPMT] shares were valued at $3.27 at the most recent close of the market. An investor can expect a potential return of 91.13% based on the average GPMT price forecast.
Analyzing the GPMT fundamentals
Granite Point Mortgage Trust Inc [NYSE:GPMT] reported sales of 215.54M for the trailing twelve months, which represents a drop of -29.10%. Gross Profit Margin for this corporation currently stands at 0.86% with Operating Profit Margin at 0.77%, Pretax Profit Margin comes in at -0.86%, and Net Profit Margin reading is -0.9%. To continue investigating profitability, this company’s Return on Assets is posted at -0.08, Equity is -0.25 and Total Capital is 0.07.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 3.22 points at the first support level, and at 3.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.38, and for the 2nd resistance point, it is at 3.48.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 0.76, the price to book ratio is 0.24.
Transactions by insiders
Recent insider trading involved KASNET STEPHEN G, Director, that happened on Jun 05 ’24 when 27027.0 shares were sold. Director, DEHNE TANUJA M completed a deal on Jun 05 ’24 to sell 5717.0 shares. Meanwhile, President and CEO TAYLOR JOHN A bought 5500.0 shares on Nov 16 ’23.
