Rithm Capital Corporation (NYSE:RITM) traded at $11.31 at last check on Tuesday, April 30, made an upward move of 0.85% on its previous day’s price.
Looking at the stock we see that its previous close was $11.22. The company has a trailing 12-month PE ratio of 10.27. In terms of its 52-week price range, RITM has a high of $11.33 and a low of $7.59. The company’s stock has gained about 3.52% over that past 30 days.
Rithm Capital Corporation has a market cap of $5.47 billion. With its Forward Dividend at 1.00 and a yield of 8.84%, the company’s investors could be anxious for the RITM stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.37, with the EPS growth for the year raised at $1.6 for 2024 and $1.82 for next year. These figures represent -22.30% and 13.70% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $452.39 million, with a low of $424 million and a high of $472.3 million. The median projection represents growth squeezing down to 30.50% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $1.82 billion, or 8.80% up from figures reported last year.
On the other hand, looking at the outlook for the RITM stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note that the PEG ratio for the RITM stock currently stands at 0.73, and the most recent price level today is 4.23% off its SMA20 and 3.93% from its 50-day simple moving average. The RSI (14) is pointing at 65.14 while the volatility over the past week is 1.65% and jumps to 1.70% over the past one month. The beta value is 1.78, while the average true range (ATR) is currently pointing at 0.20.
Coming back to Rithm Capital Corporation (NYSE:RITM), we note that the average 3-month trading volume was 3.42 million. Current shares outstanding are 483.23 million.
The insiders hold 0.55% of the company’s shares while institutions hold 46.92%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 5.95% up in year-to-date price movement.
