Ready Capital Corporation (NYSE: RC) has a higher price-to-earnings ratio of 5.74x compared to its average ratio,, and the 36-month beta value for RC is at 1.45.
The average price suggested by analysts for RC is $13.75, which is $4.05 above the current market price. The public float for RC is 109.33M, and currently, shorts hold a 3.78% of that float. The average trading volume for RC on March 16, 2023 was 1.07M shares.
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RC) stock’s latest price update
Ready Capital Corporation (NYSE: RC)’s stock price has decreased by -4.66 compared to its previous closing price of 10.31. however, the company has experienced a -11.28% decrease in its stock price over the last five trading days.
RC’s Market Performance
RC’s stock has fallen by -11.28% in the past week, with a monthly drop of -25.81% and a quarterly drop of -24.90%. The volatility ratio for the week is 4.14% while the volatility levels for the last 30 days are 2.92% for Ready Capital Corporation The simple moving average for the last 20 days is -15.81% for RC stock, with a simple moving average of -21.26% for the last 200 days.
Analysts’ Opinion of RC
Many brokerage firms have already submitted their reports for RC stocks, with Keefe Bruyette repeating the rating for RC by listing it as a “Mkt Perform.” The predicted price for RC in the upcoming period, according to Keefe Bruyette is $13 based on the research report published on December 15th of the previous year 2022.
UBS, on the other hand, stated in their research note that they expect to see RC reach a price target of $11. The rating they have provided for RC stocks is “Neutral” according to the report published on October 20th, 2022.
Piper Sandler gave a rating of “Neutral” to RC, setting the target price at $15.50 in the report published on July 08th of the previous year.
RC Trading at -19.19% from the 50-Day Moving Average
After a stumble in the market that brought RC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -38.25% of loss for the given period.
Volatility was left at 2.92%, however, over the last 30 days, the volatility rate increased by 4.14%, as shares sank -24.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.76% lower at present.
During the last 5 trading sessions, RC fell by -11.28%, which changed the moving average for the period of 200-days by -32.49% in comparison to the 20-day moving average, which settled at $11.51. In addition, Ready Capital Corporation saw -11.76% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RC starting from NATHAN GILBERT E, who purchase 3,841 shares at the price of $11.05 back on Mar 08. After this action, NATHAN GILBERT E now owns 60,406 shares of Ready Capital Corporation, valued at $42,443 using the latest closing price.
NATHAN GILBERT E, the Director of Ready Capital Corporation, purchase 5,000 shares at $10.95 during a trade that took place back on Mar 07, which means that NATHAN GILBERT E is holding 56,565 shares at $54,773 based on the most recent closing price.
Stock Fundamentals for RC
Equity return is now at value 10.20, with 1.50 for asset returns.
Conclusion
In conclusion, Ready Capital Corporation (RC) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
