Ready Capital Corp (NYSE:RC) currently has a daily average trading volume of 2.97M but it saw 2158256 shares traded in last market. With a market cap of 769.78M USD, the company’s current market price of $4.48 came rising about 0.67 while comparing to the previous closing price of $4.45. In past 52 weeks, the stock remained buoying in the range of price level as high as $9.53 and as low as $4.16. In the recent trading on the day, stock has struck highest price mark of $4.405 while lowest mark touched by it was $4.5381.
Taking a look at 20-day trading activity of Ready Capital Corp (RC) gives us an average price of $4.50, while its current price level is -53.02% below from 52-week high level whereas it is 7.69% 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 $5.08 while that of 200 days or SMA-200 reads an average of $6.94. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.02% during that period while stretching the period over a month that increases to 5.43%. 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 41.94 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 1.36% up while it is -13.01% when we observe its performance for the past one month. Year-to-date it is -34.31% down and over the past year, the stock is showing a downside performance of -49.15%.
The company is expected to be releasing its next quarterly report on 2025-Mar-02, for which analysts forecasted an EPS of 0.12 while estimate for next year EPS is 0.67. In next quarter, company is expected to be making quarterly sales of $210.6M as analysts are expecting the sales for current fiscal year at $852.62M and seeing the company making $958.44M in sales next year. Moreover, analysts are in estimates of $211.43M for current-quarter revenue.
Currently, Ready Capital Corp’s total number of outstanding shares is 171.83M with 1.09% of that held by the insiders while 61.77% 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 6.67 of forward P/E ratio. Stock’s beta reads 1.50. 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.
