The stock of Rithm Capital Corporation (RITM) has seen a 4.60% increase in the past week, with a 6.39% gain in the past month, and a -4.04% decrease in the past quarter. The volatility ratio for the week is 1.41%, and the volatility levels for the past 30 days are at 1.58% for RITM. The simple moving average for the last 20 days is 4.13% for RITM’s stock, with a simple moving average of 0.83% for the last 200 days.
Is It Worth Investing in Rithm Capital Corporation (NYSE: RITM) Right Now?
Rithm Capital Corporation (NYSE: RITM) has a price-to-earnings ratio of 11.30x that is above its average ratio. Additionally, the 36-month beta value for RITM is 1.79. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 4 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for RITM is 516.83M and currently, short sellers hold a 0.99% ratio of that float. The average trading volume of RITM on November 26, 2024 was 4.27M shares.
RITM) stock’s latest price update
The stock price of Rithm Capital Corporation (NYSE: RITM) has jumped by 1.55 compared to previous close of 10.98. Despite this, the company has seen a gain of 4.60% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-24 that U.S. equity markets rebounded this week as investors weighed a relatively strong slate of housing market data and solid retail earnings against heightened geopolitical volatility in Eastern Europe. Following its worst week in two months, the S&P 500 advanced 1.7% this week – effectively erasing last week’s 2% declines and extending its post-election gains to around 5%. Real estate equities – which lagged in two post-election weeks amid a rebound in interest rates – were among the leaders this week following an encouraging slate of REITworld updates.
Analysts’ Opinion of RITM
Many brokerage firms have already submitted their reports for RITM stocks, with UBS repeating the rating for RITM by listing it as a “Buy.” The predicted price for RITM in the upcoming period, according to UBS is $12.50 based on the research report published on December 06, 2023 of the previous year 2023.
B. Riley Securities, on the other hand, stated in their research note that they expect to see RITM reach a price target of $12. The rating they have provided for RITM stocks is “Buy” according to the report published on December 16th, 2022.
Piper Sandler gave a rating of “Neutral” to RITM, setting the target price at $9 in the report published on September 30th of the previous year.
RITM Trading at 2.40% 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 -7.24% of loss for the given period.
Volatility was left at 1.58%, however, over the last 30 days, the volatility rate increased by 1.41%, as shares surge +6.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.38% lower at present.
During the last 5 trading sessions, RITM rose by +4.60%, which changed the moving average for the period of 200-days by +9.21% in comparison to the 20-day moving average, which settled at $10.71. In addition, Rithm Capital Corporation saw 4.40% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for RITM
Current profitability levels for the company are sitting at:
- -0.16 for the present operating margin
- 0.46 for the gross margin
The net margin for Rithm Capital Corporation stands at 0.38. The total capital return value is set at -0.01. Equity return is now at value 7.75, with 1.50 for asset returns.
Based on Rithm Capital Corporation (RITM), the company’s capital structure generated 0.79 points at debt to capital in total, while cash flow to debt ratio is standing at -0.03. The debt to equity ratio resting at 3.87. The interest coverage ratio of the stock is -0.13.
Currently, EBITDA for the company is 2.18 billion with net debt to EBITDA at 13.19. When we switch over and look at the enterprise to sales, we see a ratio of 23.5. The receivables turnover for the company is 0.38for trailing twelve months and the total asset turnover is 0.03.
Conclusion
In conclusion, Rithm Capital Corporation (RITM) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
