Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Pennymac Mortgage Investment Trust’s current trading price is -11.01% away from its 52-week high, while its distance from the 52-week low is 34.41%. The stock’s price range during this period has varied between $10.52 and $15.89. The company, active in the Real Estate sector, saw a trading volume of around 1.12 million for the day, considerably higher average daily volume of 0.66 million observed over the last three months.
Pennymac Mortgage Investment Trust had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $15.89 on 12/27/23, while the lowest price during the same period was $10.52 on 10/25/23.
How Financial Performance Impacts Market Capitalization
Pennymac Mortgage Investment Trust (PMT) has experienced a quarterly decline of -5.48% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.23B and boasts a workforce of 7 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 14.37, with a change in price of +0.10. Similarly, Pennymac Mortgage Investment Trust recorded 656,813 in trading volume during the last 100 days, posting a change of +0.71%.
How PMT’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for PMT stands at 5.07. Similarly, the long-term debt-to-equity ratio is also 2.46.
PMT Stock Stochastic Average
As of today, the raw stochastic average of Pennymac Mortgage Investment Trust over the last 50 days is at 55.69%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 60.78%. Further, the company’s Stochastic %K and %D values for the last 20 days were 46.62% and 38.28%, respectively.
PMT Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price decrease of -5.42%. However, over the past six months, we’ve seen a weaker performance of 31.90%. The price of PMT leaped by -1.39% over the last 30 days. And in the last five days, it has surged by 6.56%.
