Rithm Capital Corp. (NYSE: RITM) has a price-to-earnings ratio that is above its average at 4.48x. and a 36-month beta value of 1.80. Opinions on the stock are mixed, with 9 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
The average price predicted for Rithm Capital Corp. (RITM) by analysts is $11.60, which is $3.43 above the current market price. The public float for RITM is 471.39M, and at present, short sellers hold a 1.84% of that float. On March 17, 2023, the average trading volume of RITM was 5.24M shares.
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RITM) stock’s latest price update
Rithm Capital Corp. (NYSE: RITM)’s stock price has increased by 0.25 compared to its previous closing price of 8.00. However, the company has seen a -6.09% decrease in its stock price over the last five trading sessions.
RITM’s Market Performance
Rithm Capital Corp. (RITM) has seen a -6.09% fall in stock performance for the week, with a -16.11% decline in the past month and a -10.99% plunge in the past quarter. The volatility ratio for the week is 3.96%, and the volatility levels for the past 30 days are at 2.43% for RITM. The simple moving average for the last 20 days is -10.25% for RITM stock, with a simple moving average of -11.86% for the last 200 days.
Analysts’ Opinion of RITM
Many brokerage firms have already submitted their reports for RITM stocks, with B. Riley Securities repeating the rating for RITM by listing it as a “Buy.” The predicted price for RITM in the upcoming period, according to B. Riley Securities is $12 based on the research report published on December 16th of the previous year 2022.
Piper Sandler, on the other hand, stated in their research note that they expect to see RITM reach a price target of $9, previously predicting the price at $10. The rating they have provided for RITM stocks is “Neutral” according to the report published on September 30th, 2022.
RITM Trading at -11.13% from the 50-Day Moving Average
After a stumble in the market that brought RITM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -31.74% of loss for the given period.
Volatility was left at 2.43%, however, over the last 30 days, the volatility rate increased by 3.96%, as shares sank -16.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.14% lower at present.
During the last 5 trading sessions, RITM fell by -6.09%, which changed the moving average for the period of 200-days by -28.84% in comparison to the 20-day moving average, which settled at $8.86. In addition, Rithm Capital Corp. saw -1.84% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for RITM
Current profitability levels for the company are sitting at:
- +101.91 for the present operating margin
- +68.48 for the gross margin
The net margin for Rithm Capital Corp. stands at +47.02. Equity return is now at value 15.00, with 2.50 for asset returns.
Conclusion
To sum up, Rithm Capital Corp. (RITM) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
