Granite Point Mortgage Trust Inc [GPMT] stock prices are up 1.37% to $2.97 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The GPMT shares have gain 10.41% over the last week, with a monthly amount drifted -9.73%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Granite Point Mortgage Trust Inc [NYSE: GPMT] stock has seen the most recent analyst activity on December 10, 2024, when Keefe Bruyette upgraded its rating to a Mkt Perform and also boosted its price target to $3.25 from $3. Previously, JMP Securities downgraded its rating to Mkt Perform on February 20, 2024. On December 06, 2023, UBS initiated with a Buy rating and assigned a price target of $6.50 on the stock. Keefe Bruyette downgraded its rating to a Underperform but stick to its price target of $6 on December 15, 2022. Credit Suisse upgraded its rating to a Outperform and raised its price target to $15 on May 14, 2021. JMP Securities upgraded its rating to Mkt Outperform for this stock on March 26, 2020, but kept the price target unchanged to $10. In a note dated January 08, 2020, Credit Suisse initiated an Neutral rating and provided a target price of $18 on this stock.
The stock price of Granite Point Mortgage Trust Inc [GPMT] has been fluctuating between $2.46 and $6.12 over the past year. Currently, Wall Street analysts expect the stock to reach $3.5 within the next 12 months. Granite Point Mortgage Trust Inc [NYSE: GPMT] shares were valued at $2.97 at the most recent close of the market. An investor can expect a potential return of 17.85% based on the average GPMT price forecast.
Analyzing the GPMT fundamentals
The Granite Point Mortgage Trust Inc [NYSE:GPMT] reported sales of 215.54M for trailing twelve months, representing a drop of -29.10%. Gross Profit Margin for this corporation currently stands at 0.83% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at -1.03%, and Net Profit Margin reading is -1.05%. To continue investigating profitability, this company’s Return on Assets is posted at -0.08, Equity is -0.25 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.35.
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 2.94 points at the first support level, and at 2.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.01, and for the 2nd resistance point, it is at 3.04.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 0.69, the price to book ratio is 0.22.
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.
