In the past week, RC stock has gone up by 4.13%, with a monthly decline of -3.71% and a quarterly plunge of -9.35%. The volatility ratio for the week is 2.05%, and the volatility levels for the last 30 days are 2.22% for Ready Capital Corp The simple moving average for the past 20 days is 1.55% for RC’s stock, with a -11.84% simple moving average for the past 200 days.
Is It Worth Investing in Ready Capital Corp (NYSE: RC) Right Now?
Ready Capital Corp (NYSE: RC) has a price-to-earnings ratio of 3.83x that is above its average ratio. Additionally, the 36-month beta value for RC is 1.42. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for RC is 170.90M and currently, short sellers hold a 6.36% ratio of that float. The average trading volume of RC on April 25, 2024 was 1.46M shares.
RC) stock’s latest price update
The stock price of Ready Capital Corp (NYSE: RC) has plunged by -0.56 when compared to previous closing price of 8.87, but the company has seen a 4.13% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-18 that Most of these shares are either floating today or will float within a year. We’re also including a common share where the high yield and discount to book value are big enough to be quite appealing. Of course, it also carries more risk. We’re also going to highlight one lower-risk equity REIT that I find attractive following the recent decline.
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 “Underperform.” The predicted price for RC in the upcoming period, according to Keefe Bruyette is $8 based on the research report published on March 04, 2024 of the current year 2024.
UBS gave a rating of “Neutral” to RC, setting the target price at $10.50 in the report published on December 06th of the previous year.
RC Trading at 0.04% 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 -26.32% of loss for the given period.
Volatility was left at 2.22%, however, over the last 30 days, the volatility rate increased by 2.05%, as shares sank -2.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.23% lower at present.
During the last 5 trading sessions, RC rose by +4.13%, which changed the moving average for the period of 200-days by -21.95% in comparison to the 20-day moving average, which settled at $8.68. In addition, Ready Capital Corp saw -13.95% 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 7,000 shares at the price of $9.12 back on Mar 22 ’24. After this action, NATHAN GILBERT E now owns 7,000 shares of Ready Capital Corp, valued at $63,832 using the latest closing price.
NATHAN GILBERT E, the Director of Ready Capital Corp, purchase 2,150 shares at $9.13 during a trade that took place back on Mar 22 ’24, which means that NATHAN GILBERT E is holding 85,249 shares at $19,629 based on the most recent closing price.
Stock Fundamentals for RC
Current profitability levels for the company are sitting at:
- 0.65 for the present operating margin
- 0.91 for the gross margin
The net margin for Ready Capital Corp stands at 0.55. The total capital return value is set at 0.03. Equity return is now at value 16.00, with 2.89 for asset returns.
Based on Ready Capital Corp (RC), the company’s capital structure generated 0.79 points at debt to capital in total, while cash flow to debt ratio is standing at 0.01. The debt to equity ratio resting at 3.68. The interest coverage ratio of the stock is 0.56.
Currently, EBITDA for the company is 351.25 million with net debt to EBITDA at 24.56. When we switch over and look at the enterprise to sales, we see a ratio of 17.2. The receivables turnover for the company is 4.69for trailing twelve months and the total asset turnover is 0.05.
Conclusion
In conclusion, Ready Capital Corp (RC) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
