The trading price of Rithm Capital Corporation (NYSE:RITM) closed higher on Tuesday, April 23, closing at $11.08, 1.28% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 10.06, while its 5Y monthly beta was 1.80. In examining the 52-week price action we see that the stock hit a 52-week high of $11.33 and a 52-week low of $7.59. Over the past month, the stock has lost -0.45% in value.
Rithm Capital Corporation, whose market valuation is $5.35 billion at the time of this writing, is expected to release its quarterly earnings report May 02, 2024 – May 06, 2024. The dividend yield on the company stock is 9.03%, while its Forward Dividend ratio is 1.00. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.37 per share this quarter, however they have predicted annual earnings per share of 1.6 for current year and 1.82 for next year.
Analysts have forecast the company to bring in revenue of 452.39M for the current quarter, with the likely lows of 424M and highs of 472.3M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 1.82B.
On the technical side, indicators suggest RITM has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0.71, which symbolizes a positive outlook. A quick review shows that RITM’s price is currently 2.10% off the SMA20 and 2.53% off the SMA50. The RSI metric on the 14-day chart is currently showing 58.52, and weekly volatility stands at 1.80%. When measured over the past 30 days, the indicator reaches 1.65%. Rithm Capital Corporation (NYSE:RITM)’s beta value is currently sitting at 1.78, while the Average True Range indicator is currently displaying 0.20.
To see how Rithm Capital Corporation stock has been performing in comparison to its peers in the industry, here are the numbers: RITM stock’s performance was 1.28% in the latest trading, and 37.81% in the past year. Rithm Capital Corporation has a P/E ratio of 10.06.
An evaluation of the daily trading volume of Rithm Capital Corporation (NYSE:RITM) indicates that the 3-month average is 3.42 million.
Currently, records show that 483.23 million of the company’s shares remain outstanding. The insiders hold 0.55% of outstanding shares, whereas institutions hold 46.97%. However, since the stock’s price has seen 3.75% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
