Ready Capital Corp (NYSE:RC) currently has a daily average trading volume of 2.66M but it saw 3068118 shares traded in last market. With a market cap of 867.73M USD, the company’s current market price of $5.05 came rising about 1.61 while comparing to the previous closing price of $4.97. 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 $4.92 while lowest mark touched by it was $5.09.
Taking a look at 20-day trading activity of Ready Capital Corp (RC) gives us an average price of $5.14, while its current price level is -47.04% below from 52-week high level whereas it is 6.54% 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 $6.11 while that of 200 days or SMA-200 reads an average of $7.40. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.73% during that period while stretching the period over a month that increases to 4.53%. 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 36.13 which implies that the stock is in neutral 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 -0.59% down while it is -26.71% when we observe its performance for the past one month. Year-to-date it is -25.95% down and over the past year, the stock is showing a downside performance of -44.87%.
Currently, Ready Capital Corp’s total number of outstanding shares is 171.83M. Company’s return on investment (ROI) stands at -4.90% and return on equity (ROE) at -19.41%. It has a 6.86 of forward P/E ratio. Stock’s beta reads 1.28. Stock has a price to book (P/B) ratio of 0.48 while price to sale or P/S ratio amounts to 0.95. Its return on asset (ROA) is -3.78% on average.
