As of Friday close, Ready Capital Corporation’s (NYSE:RC) stock was down -$0.43, moving down -4.35 percent to $9.46. The average number of shares traded per day over the past five days has been 3,050,520 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.84 fall in that time frame. In the last twenty days, the average volume was 2,110,700, while in the previous 50 days, it was 1,220,740.
Since last month, RC stock retreated -28.77%. Shares of the company fell to $9.36 on 03/17/23, the lowest level in the past month. A 52-week high of $15.92 was reached on 02/02/23 after having rallying from a 52-week low of $9.62. Since the beginning of this year, RC’s stock price has dropped by -15.08% or -$1.68, and marked a new high 13 times. However, the stock has declined by -40.58% since its 52-week high.
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RC stock investors should be aware that Ready Capital Corporation (RC) stock had its last reported insider trading activity 10 days ago on Mar 08. NATHAN GILBERT E, the Director of the company, purchased of 3,841 shares for $11.05 on Mar 08. It resulted in a $42,443 investment by the insider. NATHAN GILBERT E added 5,000 shares at an average price of $10.95 on Mar 07. The insider now owns 56,565 shares following the transaction. On Mar 03, Director Mielle Dominique bought 7,500 shares at $14.15 apiece. The transaction was valued at $106,124.
Right now, Ready Capital Corporation (RC) has a P/E ratio of about 5.53. The stock’s beta is 1.45. Besides these, the trailing price-to-sales (P/S) ratio of 1.46, the price-to-book (PB) ratio of 0.62, and the price-to-cash flow ratio of 6.78 may also be considered.
The latest dividend of $0.40 per share was paid out, remained unchanged from last year’s $0.40. On Thursday December 15 2022, a $0.02 dividend decrease was announced.
According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 5.56, and the total debt-to-equity ratio was 5.59. On the profitability front, the trailing twelve-month gross margin is 41.00% percent. In the year ended December 30, operating margins totaled 14.90%. Based on annual data, RC earned $688.32 million in gross profit and brought in $671.17 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 0.70%. Return on equity (ROE) for the past 12 months was 10.20%.
In Ready Capital Corporation’s quarter-end financial report for December 30, it reported total debt of $2.85 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 $0.42 quarterly earnings, the actual figure was $0.42 per share. During the quarter, the company generated $228.05 million in EBITDA. The value of shareholders’ equity is $110.73 million.
This quick technical analysis looks at Ready Capital Corporation’s (RC) price momentum. With a historical volatility rate of 35.82%, the RSI 9-day stood at 18.76% on 17 March.
With respect to its five-day moving average, the current Ready Capital Corporation price is down by -8.16% percent or -$0.84. At present, RC shares trade -28.39% below its 20-day simple moving average and -12.97% percent below its 100-day simple moving average. However, the stock is currently trading approximately -17.52% below its SMA50 and -35.56% below its SMA200.
Stochastic coefficient K was 7.55% and Stochastic coefficient D was 9.90%, while ATR was 0.43. Given the Stochastic reading of 4.85% for the 14-day period, the RSI (14) reading has been calculated as 22.44%. As of today, the MACD Oscillator reading stands at -0.57, while the 14-day reading stands at -0.85.
Ready Capital Corporation downgraded its rating on Ready Capital Corporation (NYSE: RC) to a Mkt perform in a note to investors on December 15, 2022. The analysts firm previously had an Outperform rating on the stock.Ready Capital Corporation (RC) has been rated Overweight by analysts. According to 0 brokerage firms, RC is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Ready Capital Corporation stock as buy, with 4 recommending it as overweight.
With a median target price of $14.25, the current consensus forecast for the stock is $11.50 – $16.00. Based on these forecasts, analysts predict Ready Capital Corporation (RC) will achieve an average price target of $13.75.