This Analyst Recently Issued Research Note On Ready Capital Corporation (RC)

As of Wednesday close, Ready Capital Corporation’s (NYSE:RC) stock was up $0.13, moving up 1.08 percent to $12.15. The average number of shares traded per day over the past five days has been 2,325,460 shares. 3 times new highs have been achieved over the past 5 days, with a $0.32 gain in that time frame. In the last twenty days, the average volume was 1,621,580, while in the previous 50 days, it was 1,238,704.

Since last month, RC stock retreated -15.80%. Shares of the company fell to $11.05 on 06/17/22, the lowest level in the past month. A 52-week high of $16.78 was reached on 01/04/22 after having rallying from a 52-week low of $11.05. Since the beginning of this year, RC’s stock price has dropped by -22.26% or -$3.48, and marked a new high 2 times. However, the stock has declined by -27.59% since its 52-week high.

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Ready Capital Corporation (RC) last reported insider trading activity 205 days ago on Nov 30. Capasse Thomas E, the Chief Executive Officer of the company, purchased of 20,000 shares for $24.59 on Nov 30. It resulted in a $491,742 investment by the insider. NATHAN GILBERT E added 2,000 shares at an average price of $15.29 on Nov 30. The insider now owns 34,953 shares following the transaction. On Nov 29, Director NATHAN GILBERT E bought 1,000 shares at $15.51 apiece. The transaction was valued at $15,510.

Valuation Metrics

Right now, Ready Capital Corporation (RC) has a P/E ratio of about 5.57. The stock’s beta is 1.14. Besides these, the trailing price-to-sales (P/S) ratio of 2.38, the price-to-book (PB) ratio of 0.61.

The latest dividend of $0.42 per share was paid out, remained unchanged from last year’s $0.42. On Monday June 14 2021, a $0.32 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 5.17, and the total debt-to-equity ratio was 5.17. On the profitability front, the trailing twelve-month gross margin is 46.00% percent. In the year ended March 30, operating margins totaled 17.70%. Based on annual data, RC earned $420.67 million in gross profit and brought in $403.5 million 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 0.60%. Return on equity (ROE) for the past 12 months was 13.70%.

In Ready Capital Corporation’s quarter-end financial report for March 30, it reported total debt of $3.27 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Ready Capital Corporation to report $0.56 quarterly earnings, the actual figure was $0.52 per share, beating the consensus estimate by -7.10%. During the quarter, the company generated $127.7 million in EBITDA. The value of shareholders’ equity is $84.11 million.

Technical Picture

This quick technical analysis looks at Ready Capital Corporation’s (RC) price momentum. With a historical volatility rate of 61.54%, the RSI 9-day stood at 35.02% on 22 June.

With respect to its five-day moving average, the current Ready Capital Corporation price is up by +2.70% percent or $0.32. At present, RC shares trade -15.39% below its 20-day simple moving average and -11.31% percent below its 100-day simple moving average. However, the stock is currently trading approximately -17.57% below its SMA50 and -20.59% below its SMA200.

Stochastic coefficient K was 21.75% and Stochastic coefficient D was 14.89%, while ATR was 0.48. Given the Stochastic reading of 29.41% for the 14-day period, the RSI (14) reading has been calculated as 33.34%. As of today, the MACD Oscillator reading stands at -0.34, while the 14-day reading stands at -1.08.


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