The stock of Rithm Capital Corp. (NYSE:RITM) decreased by -$0.15 on Tuesday to finish at $9.84, down -1.50 percent. The last five days have seen an average of 2,934,640 shares of common stock traded. 22 times new highs were reached in the current year, with a gain of $1.67. The average number of shares traded over the last 20 days was 4,274,915, while the average volume over the last 50 days totaled 3,979,532.
RITM stock appreciated 3.47% since last month. On 07/17/23, the company’s shares reached a one-month low of $9.40. The stock touched a high of $10.34 on 08/10/23, after rallying from a low of $6.86 in 52 weeks. The price of RITM stock has risen by 20.44% or $1.67 this year, reaching a new high 22 times. Still, the stock price is down -4.84% from the 52-week high.
Valuation Metrics
Rithm Capital Corp. (RITM) has a trailing price-to-earnings (P/E) ratio of 7.49. Beta for the stock is 1.79. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.91, the price-to-book (PB) ratio of 0.81, and the price-to-cash flow ratio of 1.78.
Company paid $0.25 per share in dividends, remained unchanged from $0.25 last year. A $0.05 dividend increase was reported on Monday August 23 2021.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.85, and the total debt to equity ratio is 4.02. As far as profitability goes, gross margin for the trailing twelve months is 78.20% percent. Rithm Capital Corp.’s operating margin stood at 15.00% for the same period. Based on annual data, it had gross profit of $2.05 billion and revenue of $3.64 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. RITM’s return on assets (ROA) during the last 12 months has been 1.90%. There was a 3.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 11.00%.
Earnings Surprise
According to Rithm Capital Corp.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.04 billion, while revenues fell by -27.38% to $783.42 million. It was predicted that Rithm Capital Corp.’s quarterly earnings would be $0.62, but it ended up being $0.35, beating the consensus by 77.10%. EBITDA was $752.93 million for the quarter. At the end of Rithm Capital Corp.’s most recent quarter ended June 29, its total debt was $23.74 billion. Equity owned by shareholders amounts to $483.32 million.
Technical Picture
Here’s a quick look at Rithm Capital Corp.’s (RITM) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 39.26%, suggesting the stock is Neutral, with a 17.40% historical volatility rate.
The stochastic %K and %D were 19.23% and 42.03% respectively, while the average true range (ATR) was 0.18. Based on the 14-day stochastic reading of 3.85%, the RSI (14) reading is 48.15%. On the 9-day MACD Oscillator, the stock is at -0.14, and the 14-day reading is at -0.14.
Analyst Ratings
In its analyst report released on December 16, 2022, B. Riley Securities began covering Rithm Capital Corp. (NYSE: RITM). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Rithm Capital Corp. (RITM) an Buy rating. RITM is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 9 others recommend it as a buy.
What is RITM’s price target for the next 12 months?
The current consensus forecast for the stock is between $10.50 and $13.00, with a median target price of $11.50. In analyzing these forecasts, the average price target given by analysts for Rithm Capital Corp. (RITM) is $11.50.
