Redwood Trust Inc. [RWT] stock is trading at $6.33, saw in change for the day. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The RWT shares have gain 6.75% over the last week, with a monthly amount glided 2.76%, and seem to be holding up well over a long-time horizon.
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On 19, March 2024, Redwood Trust and CPP Investments Announce $750 Million Strategic Capital Partnership. In a post published today on Yahoo Finance, Creates Long-Term Alignment Between Two Leading Investment Managers.
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.
Redwood Trust Inc. [RWT] stock has fluctuated 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 $6.33 at the most recent close of the market. An investor can expect a potential return of 76.46% based on the average RWT price forecast.
Analyzing the RWT fundamentals
Redwood Trust Inc. [NYSE:RWT] reported sales of 772.09M for the trailing twelve months, which represents a growth 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of10.86.
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 6.29 points at the first support level, and at 6.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.42, and for the 2nd resistance point, it is at 6.50.
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 1.08, the price to book ratio is 0.73.
