The 36-month beta value for RC is at 1.44. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 5 as “hold,” and 1 as “sell.”
The public float for RC is 166.58M, and currently, shorts hold a 7.92% of that float. The average trading volume for RC on September 11, 2024 was 1.61M shares.
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RC) stock’s latest price update
Ready Capital Corp (NYSE: RC)’s stock price has plunge by -1.98relation to previous closing price of 7.84. Nevertheless, the company has seen a -4.06% plunge in its stock price over the last five trading sessions. forbes.com reported 2024-09-08 that The index huggers are, rightfully, fretting about the only position they own, the S&P 500, which is heavy on Nvidia (NVDA). The soon-to-be-fallen angel is the third largest component of the index at 6.3%.
RC’s Market Performance
Ready Capital Corp (RC) has seen a -4.06% fall in stock performance for the week, with a -8.29% decline in the past month and a -6.28% plunge in the past quarter. The volatility ratio for the week is 2.10%, and the volatility levels for the past 30 days are at 2.24% for RC. The simple moving average for the past 20 days is -7.04% for RC’s stock, with a -15.10% simple moving average for the past 200 days.
Analysts’ Opinion of RC
Keefe Bruyette gave a rating of “Underperform” to RC, setting the target price at $8 in the report published on March 04th of the current year.
RC Trading at -11.17% 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 -34.15% of loss for the given period.
Volatility was left at 2.24%, however, over the last 30 days, the volatility rate increased by 2.10%, as shares sank -7.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.24% lower at present.
During the last 5 trading sessions, RC fell by -4.06%, which changed the moving average for the period of 200-days by -23.68% in comparison to the 20-day moving average, which settled at $8.23. In addition, Ready Capital Corp saw -25.02% 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 10,000 shares at the price of $8.29 back on May 24 ’24. After this action, NATHAN GILBERT E now owns 95,249 shares of Ready Capital Corp, valued at $82,860 using the latest closing price.
NATHAN GILBERT E, the Director of Ready Capital Corp, purchase 7,000 shares at $9.12 during a trade that took place back on Mar 22 ’24, which means that NATHAN GILBERT E is holding 7,000 shares at $63,832 based on the most recent closing price.
Stock Fundamentals for RC
Current profitability levels for the company are sitting at:
- 0.49 for the present operating margin
- 0.92 for the gross margin
The net margin for Ready Capital Corp stands at -0.06. The total capital return value is set at 0.04. Equity return is now at value -1.83, with -0.37 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 -0.0. The debt to equity ratio resting at 3.77. The interest coverage ratio of the stock is 0.63.
Currently, EBITDA for the company is 351.25 million with net debt to EBITDA at 30.91. When we switch over and look at the enterprise to sales, we see a ratio of 10.09. The receivables turnover for the company is 4.88for trailing twelve months and the total asset turnover is 0.08.
Conclusion
In conclusion, Ready Capital Corp (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.
