Rithm Capital Corporation (NYSE:RITM) shares, rose in value on Friday, April 26, with the stock price up by 1.09% to the previous day’s close as strong demand from buyers drove the stock to $11.24.
Actively observing the price movement in the recent trading, the stock is buoying the session at $11.12. The PE ratio was 10.21 over 12-month period. Referring to stock’s 52-week performance, its high was $11.33, and the low was $7.59. On the whole, RITM has fluctuated by -0.69% over the past month.
The company’s Forward Dividend Ratio is 1.00, with its dividend yield at 8.90%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.82B, with a low estimate of 424M and a high estimate of 472.3M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 452.39M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RITM’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.72, with the price of RITM currently trading nearly 3.71% and 3.53% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 62.94, while the 7-day volatility ratio is showing 1.82% which for the 30-day chart, stands at 1.69%. Furthermore, Rithm Capital Corporation (RITM)’s beta value is 1.77, and its average true range (ATR) is 0.19.
A comparison of Rithm Capital Corporation (RITM) with its peers suggests the former has fared considerably weaker in the market. RITM showed an intraday change of 1.09% in today’s session so far, and over the past year, it grew by 42.84%%.
Data on historical trading for Rithm Capital Corporation (NYSE:RITM) indicates that the trading volumes over the past 3 months, they’ve averaged 3.41 million. According to company’s latest data on outstanding shares, there are 483.23 million shares outstanding.
Nearly 0.55% of Rithm Capital Corporation’s shares belong to company insiders and institutional investors own 46.97% of the company’s shares. The stock has risen by 5.26% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RITM stock heading into the next quarter.
