Redwood Trust Inc. [RWT] stock prices are up 0.65% to $6.19 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The RWT shares have gain 3.17% over the last week, with a monthly amount drifted -7.75%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 12, March 2024, Redwood Trust Hosts Investor Day and Celebrates 30th Anniversary. In a post published today on Yahoo Finance, Redwood Trust, Inc. (NYSE: RWT; “Redwood” or the “Company”), a leader in expanding access to housing for homebuyers and renters, announced that it will host its Investor Day on Tuesday, March 19, 2024, from 2:00 pm Eastern Time to 5:00 pm Eastern Time. In addition to outlining the Company’s long-term vision and strategic outlook, the event will commemorate Redwood’s 30th anniversary. The agenda will feature members of Redwood’s Board and senior management team as well as an array of guest panelists covering key industry topics including the regulatory environment for banks, the expanded importance of private capital in housing finance, and the role for home equity products in supporting housing accessibility.
From an analyst’s perspective:
Redwood Trust Inc. [NYSE: RWT] stock has seen the most recent analyst activity on December 06, 2023, when UBS initiated its Buy rating and assigned the stock a price target of $9. Previously, BTIG Research upgraded its rating to Buy on December 05, 2023, and kept the price target unchanged to $8.50. On June 15, 2023, downgrade downgraded it’s rating to Neutral but maintained its price target of $7 on the stock. Wedbush started tracking the stock assigning a Outperform rating and suggested a price target of $9 on October 05, 2022. BTIG Research downgraded its rating to a Neutral. JP Morgan started tracking with a Overweight rating for this stock on May 13, 2022, and assigned it a price target of $11.50. In a note dated November 01, 2021, Wells Fargo initiated an Equal Weight rating and provided a target price of $14 on this stock.
The stock price of Redwood Trust Inc. [RWT] has been fluctuating between $5.47 and $8.30 over the past year. Currently, Wall Street analysts expect the stock to reach $11.17 within the next 12 months. Redwood Trust Inc. [NYSE: RWT] shares were valued at $6.19 at the most recent close of the market. An investor can expect a potential return of 80.45% based on the average RWT price forecast.
Analyzing the RWT fundamentals
The Redwood Trust Inc. [NYSE:RWT] reported sales of 772.09M for trailing twelve months, representing a surge of 11.55%. Gross Profit Margin for this corporation currently stands at 0.86% with Operating Profit Margin at 1.06%, Pretax Profit Margin comes in at -0.03%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.0 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 10.86.
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 6.14 points at the first support level, and at 6.10 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.25, and for the 2nd resistance point, it is at 6.31.
Redwood Trust Inc. [RWT] reported earnings per share of $0.05 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.14/share, meaning a difference of -$0.09 and a surprise factor of -64.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.09 per share as compared to estimates of $0.16 per share, a difference of -$0.07 representing a surprise of -43.80%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 1.05, the price to book ratio is 0.72.
