Ready Capital Corp (NYSE:RC) currently has a daily average trading volume of 2.82M but it saw 2415671 shares traded in last market. With a market cap of 771.51M USD, the company’s current market price of $4.49 came falling about -7.23 while comparing to the previous closing price of $4.84. In past 52 weeks, the stock remained buoying in the range of price level as high as $9.53 and as low as $4.38. In the recent trading on the day, stock has struck highest price mark of $4.38 while lowest mark touched by it was $4.759.
Taking a look at 20-day trading activity of Ready Capital Corp (RC) gives us an average price of $4.93, while its current price level is -52.91% below from 52-week high level whereas it is 2.63% 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 $5.71 while that of 200 days or SMA-200 reads an average of $7.22. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.72% during that period while stretching the period over a month that decreases to 4.78%. 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 33.42 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 -7.80% down while it is -11.44% when we observe its performance for the past one month. Year-to-date it is -34.16% down and over the past year, the stock is showing a downside performance of -48.98%.
Currently, Ready Capital Corp’s total number of outstanding shares is 171.83M with 1.27% of that held by the insiders while 61.21% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -4.90% and return on equity (ROE) at -19.41%. It has a 6.45 of forward P/E ratio. Stock’s beta reads 1.48. Stock has a price to book (P/B) ratio of 0.42 while price to sale or P/S ratio amounts to 0.85. Its return on asset (ROA) is -3.78% on average.
