Redwood Trust Inc (NYSE: RWT) Is A Blank Check For Growth

Redwood Trust Inc (NYSE:RWT) shares, rose in value on Friday, May 09, with the stock price up by 0.34% to the previous day’s close as strong demand from buyers drove the stock to $5.83.

Actively observing the price movement in the last trading, the stock closed the session at $5.81. The PE ratio was 27.20 over 12-month period. Referring to stock’s 52-week performance, its high was $7.95, and the low was $4.68. On the whole, RWT has fluctuated by 7.56% over the past month.

With the market capitalization of Redwood Trust Inc currently standing at about $775.29 million, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.69, with its dividend yield at 11.84%.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RWT’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0.76, with the price of RWT currently trading nearly 1.22% and -2.20% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.25, while the 7-day volatility ratio is showing 2.27% which for the 30-day chart, stands at 3.63%. Furthermore, Redwood Trust Inc (RWT)’s beta value is 1.44, and its average true range (ATR) is 0.20.

A comparison of Redwood Trust Inc (RWT) with its peers suggests the former has fared considerably weaker in the market. RWT showed an intraday change of 0.34% in last session, and over the past year, it shrunk by -4.44%%.

Data on historical trading for Redwood Trust Inc (NYSE:RWT) indicates that the trading volumes over the past 3 months, they’ve averaged 1.12 million. According to company’s latest data on outstanding shares, there are 133.00 million shares outstanding.

Nearly 1.39% of Redwood Trust Inc’s shares belong to company insiders and institutional investors own 78.70% of the company’s shares. The stock has fallen by -10.72% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RWT stock heading into the next quarter.

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