As of Friday close, Rithm Capital Corp.’s (NYSE:RITM) stock was up $0.06, moving up 0.62 percent to $9.66. The average number of shares traded per day over the past five days has been 3,577,960 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.41 fall in that time frame. In the last twenty days, the average volume was 3,557,520, while in the previous 50 days, it was 3,670,068.
Since last month, RITM stock retreated -0.62%. Shares of the company fell to $9.56 on 08/23/23, the lowest level in the past month. A 52-week high of $10.45 was reached on 09/01/23 after having rallying from a 52-week low of $6.86. Since the beginning of this year, RITM’s stock price has risen by 18.24% or $1.49, and marked a new high 25 times. However, the stock has declined by -7.56% since its 52-week high.
Valuation Metrics
Right now, Rithm Capital Corp. (RITM) has a P/E ratio of about 7.36. The stock’s beta is 1.78. Besides these, the trailing price-to-sales (P/S) ratio of 0.90, the price-to-book (PB) ratio of 0.79, and the price-to-cash flow ratio of 1.75 may also be considered.
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 June 29 was 1.85, and the total debt-to-equity ratio was 4.02. On the profitability front, the trailing twelve-month gross margin is 78.20% percent. In the year ended June 29, operating margins totaled 15.00%. Based on annual data, RITM earned $2.05 billion in gross profit and brought in $3.64 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 3.60%. Return on equity (ROE) for the past 12 months was 11.00%.
In Rithm Capital Corp.’s quarter-end financial report for June 29, it reported total debt of $12.76 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. RITM’s revenue fell -27.38% to $783.42 million during the quarter, while net income inched up to $1.04 billion. While analysts expected Rithm Capital Corp. to report $0.35 quarterly earnings, the actual figure was $0.62 per share, beating the consensus estimate by 77.10%. During the quarter, the company generated $752.93 million in EBITDA. The value of shareholders’ equity is $483.32 million.
Technical Picture
This quick technical analysis looks at Rithm Capital Corp.’s (RITM) price momentum. With a historical volatility rate of 20.53%, the RSI 9-day stood at 31.01% on 22 September.
With respect to its five-day moving average, the current Rithm Capital Corp. price is down by -4.07% percent or -$0.41. At present, RITM shares trade -1.43% below its 20-day simple moving average and +20.30% percent above its 100-day simple moving average. However, the stock is currently trading approximately +1.47% above its SMA50 and +9.90% above its SMA200.
Stochastic coefficient K was 4.55% and Stochastic coefficient D was 7.51%, while ATR was 0.16. Given the Stochastic reading of 10.60% for the 14-day period, the RSI (14) reading has been calculated as 37.84%. As of today, the MACD Oscillator reading stands at -0.21, while the 14-day reading stands at -0.30.
Analyst Ratings
B. Riley Securities launched its rating on Rithm Capital Corp. (NYSE: RITM) to a Buy in a note to investors on December 16, 2022. Rithm Capital Corp. (RITM) has been rated Buy by analysts. According to 0 brokerage firms, RITM is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Rithm Capital Corp. stock as buy, with 8 recommending it as overweight.
With a median target price of $12.00, the current consensus forecast for the stock is $10.50 – $13.00. Based on these forecasts, analysts predict Rithm Capital Corp. (RITM) will achieve an average price target of $11.61.
