Rithm Capital Corporation (NYSE:RITM) price closed lower on Tuesday, April 16, dropping -0.09% below its previous close.
A look at the daily price movement shows that the last close reads $10.55. The company’s P/E ratio in the trailing 12-month period read 9.57. Taking into account the 52-week price action we note that the stock hit a 52-week high of $11.33 and 52-week low of $7.59. The stock subtracted -3.48% on its value in the past month.
Rithm Capital Corporation, which has a market valuation of $5.09 billion. The company stock has a Forward Dividend ratio of 1.00, while the dividend yield is 9.49%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give RITM a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 50% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 0.68. The overview shows that RITM’s price is at present -3.72% off the SMA20 and -2.20% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 39.32, with weekly volatility standing at 1.82%. The indicator jumps to 1.60% when calculated based on the past 30 days. Rithm Capital Corporation (NYSE:RITM)’s beta value is holding at 1.79, while the average true range (ATR) indicator is currently reading 0.20.
An analysis of the Rithm Capital Corporation (NYSE:RITM) stock in terms of its daily trading volume indicates that the 3-month average is 3.51 million.
Current records show that the company has 483.23M in outstanding shares. The insiders’ percentage holdings are 0.55% of outstanding shares while the percentage share held by institutions stands at 47.60%. But the -1.31% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
