While Granite Point Mortgage Trust Inc has overperformed by 14.74%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GPMT fell by -50.68%, with highs and lows ranging from $4.49 to $1.61, whereas the simple moving average fell by -22.44% in the last 200 days.
On December 10, 2024, Keefe Bruyette Upgraded Granite Point Mortgage Trust Inc (NYSE: GPMT) to Mkt Perform. A report published by JMP Securities on February 20, 2024, Downgraded its rating to ‘Mkt Perform’ for GPMT. UBS also rated GPMT shares as ‘Buy’, setting a target price of $6.50 on the company’s shares in an initiating report dated December 06, 2023. Credit Suisse May 14, 2021d its ‘Neutral’ rating to ‘Outperform’ for GPMT, as published in its report on May 14, 2021. JMP Securities’s report from March 26, 2020 suggests a price prediction of $10 for GPMT shares, giving the stock a ‘Mkt Outperform’ rating. Credit Suisse also rated the stock as ‘Neutral’.
Analysis of Granite Point Mortgage Trust Inc (GPMT)
A return on investment can be expected regardless of GPMT’s performance over the next quarter with the dividend set at $0.20 per share. Further, the quarter-over-quarter decrease in sales is -32.97%, showing a negative trend in the upcoming months.
To gain a thorough understanding of Granite Point Mortgage Trust Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -28.15% is sufficient for you to turn a profit off your investment.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and GPMT is recording an average volume of 420.59K. On a monthly basis, the volatility of the stock is set at 9.08%, whereas on a weekly basis, it is put at 7.09%, with a gain of 10.66% over the past seven days. Furthermore, long-term investors anticipate a median target price of $2.38, showing growth from the present price of $2.18, which can serve as yet another indication of whether GPMT is worth investing in or should be passed over.
How Do You Analyze Granite Point Mortgage Trust Inc Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 5.99%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 54.83% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
GPMT shares are owned by institutional investors to the tune of 54.83% at present.
