Ready Capital Corporation (RC) Chief Financial Officer Owns Stock Worth $3035.0

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BBAI
BBAI

Ready Capital Corporation (NYSE:RC) finished Wednesday with a subtraction of -$0.47 to close at $11.27, a downside of -4.00 percent. An average of 831,000 shares of common stock have been traded in the last five days. There was a fall of -$0.67 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 968,360 shares traded, while the 50-day average volume stands at 865,744.

RC stock has decreased by -13.64% in the last month. The company shares reached their 1-month lowest point of $11.26 on 12/28/22. With the stock rallying to its 52-week high on 01/04/22, shares of the company touched a low of $9.69 and a high of $16.43 in 52 weeks. It has reached a new high 2 times so far this year and lost -27.90% or -$4.36 in price. In spite of this, the price is down -31.43% from the 52-week high.


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Insider Transactions

RC stock investors should be aware that Ready Capital Corporation (RC) stock had its last reported insider trading activity 122 days ago on Aug 29. In this transaction, the insider spent $41,883. Chief Financial Officer, Ahlborn Andrew, disposed of 1,465 shares at a price of $13.80 on Aug 26. The insider now owns more than $20,217 worth of shares.

Valuation Metrics

Ready Capital Corporation (RC) has a trailing price-to-earnings (P/E) ratio of 4.96. The stock’s beta is 1.30. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.88, the price-to-book (PB) ratio at 0.73.

The company has a payout ratio of 73.10%. The company’s most recent quarterly dividend payment was $0.40 a share, representing a down of -4.76% from $0.42 last year. Its latest decrease dividend $0.02 reported on Thursday December 15 2022.

Financial Health

Further, the company has a long term debt to equity ratio of 5.40 and a total debt to equity ratio of 5.43 for the quarter ending June 29. Its gross profit as reported stood at $420.67 million compared to revenue of $403.5 million.

Earnings Surprise

For the three-month period that ended June 29, Ready Capital Corporation had $3.21 billion in total debt. The analyst consensus anticipated Ready Capital Corporation’s latest quarter earnings to come in at $0.46 per share, but it turned out to be $0.46, a 0.00% surprise. For the quarter, EBITDA amounted to $179.15 million. At the end of the quarter ending June 29, Ready Capital Corporation’s stock balance sheet showed total debt was $9.62 billion. Shareholders own equity worth $110.51 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Ready Capital Corporation (RC) price momentum. RSI 9-day as of the close on 28 December was 20.09%, suggesting the stock is oversold, with historical volatility in this time frame at 27.72%.

As of today, RC’s price is $11.83 -5.61% or -$0.67 from its 5-day moving average. RC is currently trading -14.43% lower than its 20-day SMA and -17.80% lower than its 100-day SMA. However, the stock’s current price level is +3.58% above the SMA50 and -25.86% below the SMA200.

The stochastic %K and %D were 3.78% and 7.33%, respectively, and the average true range (ATR) was 0.37. With the 14-day stochastic at 0.42% and the average true range at 0.38, the RSI (14) stands at 28.61%. The stock has reached -0.29 on the 9-day MACD Oscillator while the 14-day reading was at -0.66.

Analyst Ratings

Keefe Bruyette downgraded Ready Capital Corporation (NYSE: RC) to a a Mkt perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform.

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