The stock of Ready Capital Corp (RC) has seen a -0.43% decrease in the past week, with a -2.10% drop in the past month, and a -20.68% decrease in the past quarter. The volatility ratio for the week is 2.89%, and the volatility levels for the past 30 days are at 2.27% for RC. The simple moving average for the last 20 days is -0.49% for RC’s stock, with a simple moving average of -17.25% for the last 200 days.
Is It Worth Investing in Ready Capital Corp (NYSE: RC) Right Now?
Additionally, the 36-month beta value for RC is 1.45. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 6 rating it as “hold,” and 1 rating it as “sell.”
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The public float for RC is 166.58M and currently, short sellers hold a 12.57% ratio of that float. The average trading volume of RC on November 07, 2024 was 1.79M shares.
RC) stock’s latest price update
The stock price of Ready Capital Corp (NYSE: RC) has jumped by 2.95 compared to previous close of 6.78. Despite this, the company has seen a fall of -0.43% in its stock price over the last five trading days. globenewswire.com reported 2024-10-31 that NEW YORK, Oct. 31, 2024 (GLOBE NEWSWIRE) — Ready Capital Corporation (NYSE: RC) (the “Company”) today announced that the Company will release its third quarter 2024 financial results after the New York Stock Exchange closes on Thursday, November 7, 2024. Management will host a webcast and conference call on Friday, November 8, 2024 at 8:30 a.m. Eastern Time to provide a general business update and discuss the financial results for the quarter ended September 30, 2024.
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 -6.67% 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 -40.19% of loss for the given period.
Volatility was left at 2.27%, however, over the last 30 days, the volatility rate increased by 2.89%, as shares sank -1.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.31% lower at present.
During the last 5 trading sessions, RC fell by -0.43%, which changed the moving average for the period of 200-days by -29.07% in comparison to the 20-day moving average, which settled at $7.01. In addition, Ready Capital Corp saw -31.90% 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 9.97. 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 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.
