Ready Capital Corp (NYSE:RC) currently has a daily average trading volume of 2.66M but it saw 1639699 shares traded in last market. With a market cap of 825.55M USD, the company’s current market price of $5.06 came falling about -0.20 while comparing to the previous closing price of $5.07. In past 52 weeks, the stock remained buoying in the range of price level as high as $9.53 and as low as $4.74. In the recent trading on the day, stock has struck highest price mark of $5.04 while lowest mark touched by it was $5.17.
Taking a look at 20-day trading activity of Ready Capital Corp (RC) gives us an average price of $6.02, while its current price level is -46.93% below from 52-week high level whereas it is 6.75% 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 $6.46 while that of 200 days or SMA-200 reads an average of $7.56. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.15% during that period while stretching the period over a month that decreases to 4.40%. 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 29.63 which implies that the stock is in oversold territory.
B. Riley Securities downgraded its recommendation for the stock as a “Neutral” from “Buy” on January 07, 2025 while assigning a price target range of $12-$10.
Over the week, RC’s stock price is moving 1.20% up while it is -24.36% when we observe its performance for the past one month. Year-to-date it is -25.81% down and over the past year, the stock is showing a downside performance of -42.37%.
Currently, Ready Capital Corp’s total number of outstanding shares is 162.79M. Company’s return on investment (ROI) stands at -4.90% and return on equity (ROE) at -19.41%. It has a 6.10 of forward P/E ratio. Stock’s beta reads 1.29. Stock has a price to book (P/B) ratio of 0.48 while price to sale or P/S ratio amounts to 0.91. Its return on asset (ROA) is -3.78% on average.
