Ready Capital Corporation (RC) Stock: Identifying Value and Future Vision

Ready Capital Corporation [RC] stock is trading at $11.86, up down -3.73%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The RC shares have lost -7.20% over the last week, with a monthly amount drifted -12.99%, and not seem to be holding up well over a long-time horizon.

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On 15, September 2022, READY CAPITAL CORPORATION DECLARES THIRD QUARTER 2022 DIVIDENDS. In a post published today on Yahoo Finance, Ready Capital Corporation (NYSE: RC) (the “Company”) announced that its Board of Directors declared a quarterly cash dividend of $0.42 per share of common stock and Operating Partnership unit for the quarter ended September 30, 2022. This dividend is payable on October 31, 2022 to shareholders of record as of the close of business on September 30, 2022.

From an analyst’s perspective:

Ready Capital Corporation [NYSE: RC] stock has seen the most recent analyst activity on July 08, 2021, when Piper Sandler downgraded its rating to a Neutral but kept the price target unchanged to $15.50 for it. Previously, Keefe Bruyette upgraded its rating to Outperform on April 22, 2021, and kept the price target unchanged to $15.50. On February 03, 2021, BTIG Research initiated with a Buy rating and assigned a price target of $14 on the stock. Ladenburg Thalmann upgraded its rating to a Buy. Ladenburg Thalmann downgraded its rating to a Neutral. Sandler O’Neill upgraded its rating to Buy for this stock on December 23, 2019, but kept the price target unchanged to $17.50. In a note dated November 08, 2019, Compass Point downgraded an Neutral rating on this stock but restated the target price of $16.50.

Ready Capital Corporation [RC] stock has fluctuated between $11.05 and $16.56 over the past year. Currently, Wall Street analysts expect the stock to reach $15.93 within the next 12 months. Ready Capital Corporation [NYSE: RC] shares were valued at $11.86 at the most recent close of the market. An investor can expect a potential return of 34.32% based on the average price forecast.

Analyzing the RC fundamentals

Ready Capital Corporation [NYSE:RC] reported sales of 210.9 billion for the most recent quarter, which represents a growth of 18.70%. Gross Margin for this corporation currently stands at +76.78% with Operating Margin at +58.91%, Pretax Margin comes in at +27.09%, and Net Margin reading is +21.30%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 11.69 points at the first support level, and at 11.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.17, and for the 2nd resistance point, it is at 12.48.

Ready Capital Corporation [RC] reported earnings per share of $0.52 for its fiscal quarter that ended on 3/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.56/share, meaning a difference of $-0.04 and a surprise factor of -7.10%. By comparison, the stated earnings for the previous quarter ended on 12/30/2021 were $0.67 per share as compared to estimates of $0.51 per share, a difference of $0.16 representing a surprise of 31.40%.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 1.54, the price to book ratio is 1.02 and the P/E (TTM) ratio is 5.24.

Transactions by insiders

Insider trading has also been a hot topic recently, with 0 insiders purchasing 0 shares and 0 selling 0 shares in the past 3 months. Recent insider trading involved Ahlborn Andrew, Chief Financial Officer, that happened on Aug 29 when 3035.0 shares were sold. Chief Financial Officer, Ahlborn Andrew completed a deal on Aug 26 to sell 1465.0 shares. Meanwhile, Chief Executive Officer Capasse Thomas E bought 20000.0 shares on Nov 30.