You Should Know These Things About New Residential Investment Corp. (NRZ)

At the last check on Friday, New Residential Investment Corp.’s (NYSE:NRZ) stock was up $0.24, moving up 2.26 percent to $10.71. The average number of shares traded per day over the past five days has been 6,463,590 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.43 fall in that time frame. In the last twenty days, the average volume was 6,507,348, while in the previous 50 days, it was 5,704,719.

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Since last month, NRZ stock rose 1.16%. Shares of the company fell to $10.07 on 04/27/22, the lowest level in the past month. A 52-week high of $11.81 was reached on 05/04/22 after having rallying from a 52-week low of $8.98. Since the beginning of this year, NRZ’s stock price has dropped by -2.24% or -$0.01, and marked a new high 6 times. However, the stock has declined by -9.34% since its 52-week high.

New Residential Investment Corp. (NRZ) last reported insider trading activity 171 days ago on Nov 23. MCGINNIS ROBERT, the Director of the company, purchased of 4,000 shares for $25.18 on Nov 23. It resulted in a $100,726 investment by the insider.

Valuation Metrics

Right now, New Residential Investment Corp. (NRZ) has a P/E ratio of about 4.76. The stock’s beta is 1.65. Besides these, the trailing price-to-sales (P/S) ratio of 1.15, the price-to-book (PB) ratio of 0.92.

The latest dividend of $0.25 per share was paid out, remained unchanged from last year’s $0.25. On Monday August 23 2021, a $0.05 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 1.72, and the total debt-to-equity ratio was 5.58. On the profitability front, the trailing twelve-month gross margin is 85.80% percent. In the year ended March 30, operating margins totaled 26.40%. Based on annual data, NRZ earned $1.46 billion in gross profit and brought in $1.8 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 2.30%. Return on equity (ROE) for the past 12 months was 16.00%.

In New Residential Investment Corp.’s quarter-end financial report for March 30, it reported total debt of $17.28 billion against cash and short-term investments of $9.51 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. NRZ’s revenue fell -49.74% to $960.42 million during the quarter, while net income inched up to $1.73 billion. While analysts expected New Residential Investment Corp. to report $0.35 quarterly earnings, the actual figure was $0.37 per share, beating the consensus estimate by 5.70%. During the quarter, the company generated $1.03 billion in EBITDA. The value of shareholders’ equity is $466.79 million.

Technical Picture

This quick technical analysis looks at New Residential Investment Corp.’s (NRZ) price momentum. With a historical volatility rate of 61.88%, the RSI 9-day stood at 48.25% on 12 May.

With respect to its five-day moving average, the current New Residential Investment Corp. price is down by -3.82% percent or -$0.43. At present, NRZ shares trade +0.42% above its 20-day simple moving average and +2.15% percent above its 100-day simple moving average. However, the stock is currently trading approximately +2.74% above its SMA50 and +8.46% above its SMA200.

Stochastic coefficient K was 33.43% and Stochastic coefficient D was 38.53%, while ATR was 0.40. Given the Stochastic reading of 37.80% for the 14-day period, the RSI (14) reading has been calculated as 49.61%. As of today, the MACD Oscillator reading stands at -0.41, while the 14-day reading stands at -0.16.

Analyst Ratings

New Residential Investment Corp. downgraded its rating on New Residential Investment Corp. (NYSE: NRZ) to a Neutral in a note to investors on May 05, 2022. The analysts firm previously had an Overweight rating on the stock.


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