Ready Capital Corp (NYSE:RC) currently has a daily average trading volume of 1.40M but it saw 1064068 shares traded in last market. With a market cap of 1.40B USD, the company’s current market price of $8.29 came falling about -0.60 while comparing to the previous closing price of $8.34. In past 52 weeks, the stock remained buoying in the range of price level as high as $11.97 and as low as $7.93.
Taking a look at 20-day trading activity of Ready Capital Corp (RC) gives us an average price of $8.38, while its current price level is -30.74% below from 52-week high level whereas it is 4.54% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $8.53 while that of 200 days or SMA-200 reads an average of $9.53. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.43% during that period while stretching the period over a month that increases to 1.98%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 45.78 which implies that the stock is in neutral territory.
Keefe Bruyette downgraded its recommendation for the stock as a “Underperform” from “Mkt Perform” on March 04, 2024 while assigning a price target range of $10-$8.
Over the week, RC’s stock price is moving -2.01% down while it is -6.43% when we observe its performance for the past one month. Year-to-date it is -19.12% down and over the past year, the stock is showing a downside performance of -24.64%.
Currently, Ready Capital Corp’s total number of outstanding shares is 172.28M. Company’s return on investment (ROI) stands at 1.98% and return on equity (ROE) at 11.29%. It has a price to earnings ratio (P/E ratio) of 5.20 while having a 6.41 of forward P/E ratio. Stock’s beta reads 1.46. Stock has a price to book (P/B) ratio of 0.62 while price to sale or P/S ratio amounts to 1.17. Its return on asset (ROA) is 2.01% on average.
