At the time of writing, Granite Point Mortgage Trust Inc [GPMT] stock is trading at $2.00, up 16.28%. An important factor to consider is whether the stock is rising or falling in short-term value. The GPMT shares have gain 12.36% over the last week, with a monthly amount drifted -23.37%, 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.
For the past year, the stock price of Granite Point Mortgage Trust Inc fluctuated between $1.61 and $4.50. 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 $2.00 at the most recent close of the market. An investor can expect a potential return of 212.5% based on the average GPMT price forecast.
Analyzing the GPMT fundamentals
According to Granite Point Mortgage Trust Inc [NYSE:GPMT], the company’s sales were 194.88M for trailing twelve months, which represents an -32.97% plunge. Gross Profit Margin for this corporation currently stands at 1.06% with Operating Profit Margin at 0.37%, Pretax Profit Margin comes in at -1.68%, and Net Profit Margin reading is -1.71%. To continue investigating profitability, this company’s Return on Assets is posted at -0.1, Equity is -0.3 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.41.
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 1.8000 points at the first support level, and at 1.5900 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.1100, and for the 2nd resistance point, it is at 2.2100.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 0.50, the price to book ratio is 0.16.
Transactions by insiders
Recent insider trading involved Nikolic Lazar, Director, that happened on Mar 04 ’25 when 500.0 shares were purchased. Director, Nikolic Lazar completed a deal on Feb 26 ’25 to buy 1126.0 shares. Meanwhile, Director Nikolic Lazar bought 269.0 shares on Feb 27 ’25.
