The 36-month beta value for RWT is at 1.54. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for RWT is 130.04M, and currently, shorts hold a 5.83% of that float. The average trading volume for RWT on May 01, 2024 was 1.57M shares.
RWT) stock’s latest price update
Redwood Trust Inc. (NYSE: RWT)’s stock price has increased by 10.76 compared to its previous closing price of 5.53. However, the company has seen a 6.34% increase in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-30 that Redwood Trust, Inc. (NYSE:RWT ) Q1 2024 Earnings Conference Call April 30, 2024 5:00 PM ET Company Participants Kaitlyn Mauritz – Senior Vice President, Investor Relations Chris Abate – Chief Executive Officer Dash Robinson – President Brooke Carillo – Chief Financial Officer Conference Call Participants Rick Shane – JPMorgan Bose George – KBW Doug Harter – UBS Crispin Love – Piper Sandler Don Fandetti – Wells Fargo Stephen Laws – Raymond James Eric Hagen – BTIG Steve Delaney – Citizens JMP Kyle Joseph – Jefferies Operator Good afternoon and welcome to the Redwood Trust Inc. First Quarter 2024 financial results conference call. Today’s conference is being recorded.
RWT’s Market Performance
RWT’s stock has risen by 6.34% in the past week, with a monthly drop of -0.41% and a quarterly drop of -8.72%. The volatility ratio for the week is 2.10% while the volatility levels for the last 30 days are 2.56% for Redwood Trust Inc. The simple moving average for the last 20 days is 5.25% for RWT stock, with a simple moving average of -10.92% for the last 200 days.
Analysts’ Opinion of RWT
UBS, on the other hand, stated in their research note that they expect to see RWT reach a price target of $9. The rating they have provided for RWT stocks is “Buy” according to the report published on December 06th, 2023.
BTIG Research gave a rating of “Buy” to RWT, setting the target price at $8.50 in the report published on December 05th of the previous year.
RWT Trading at 1.67% from the 50-Day Moving Average
After a stumble in the market that brought RWT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -26.20% of loss for the given period.
Volatility was left at 2.56%, however, over the last 30 days, the volatility rate increased by 2.10%, as shares sank -0.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.37% lower at present.
During the last 5 trading sessions, RWT rose by +5.82%, which changed the moving average for the period of 200-days by -7.79% in comparison to the 20-day moving average, which settled at $5.82. In addition, Redwood Trust Inc. saw -17.34% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for RWT
Current profitability levels for the company are sitting at:
- 1.06 for the present operating margin
- 0.86 for the gross margin
The net margin for Redwood Trust Inc. stands at -0.01. The total capital return value is set at 0.02. Equity return is now at value -0.55, with -0.05 for asset returns.
Based on Redwood Trust Inc. (RWT), the company’s capital structure generated 0.92 points at debt to capital in total, while cash flow to debt ratio is standing at -0.15. The debt to equity ratio resting at 10.86. The interest coverage ratio of the stock is 0.5.
Currently, EBITDA for the company is 658.16 million with net debt to EBITDA at 39.12. When we switch over and look at the enterprise to sales, we see a ratio of 45.11. The receivables turnover for the company is 1.74for trailing twelve months and the total asset turnover is 0.02.
Conclusion
In conclusion, Redwood Trust Inc. (RWT) has had a mixed 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.
