At the time of writing, Ready Capital Corp [RC] stock is trading at $8.47, up 1.68%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The RC shares have gain 2.05% over the last week, with a monthly amount drifted -5.26%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Ready Capital Corp [NYSE: RC] stock has seen the most recent analyst activity on March 04, 2024, when Keefe Bruyette downgraded its rating to a Underperform and also revised its price target to $8 from $10. Previously, Raymond James downgraded its rating to Mkt Perform on December 18, 2023. Wedbush initiated its recommendation with a Neutral and recommended $11 as its price target on October 17, 2023. Keefe Bruyette downgraded its rating to Mkt Perform for this stock on December 15, 2022, but kept the price target unchanged to $13. In a note dated October 20, 2022, UBS initiated an Neutral rating and provided a target price of $11 on this stock.
For the past year, the stock price of Ready Capital Corp fluctuated between $8.25 and $11.97. Currently, Wall Street analysts expect the stock to reach $11 within the next 12 months. Ready Capital Corp [NYSE: RC] shares were valued at $8.47 at the most recent close of the market. An investor can expect a potential return of 29.87% based on the average RC price forecast.
Analyzing the RC fundamentals
According to Ready Capital Corp [NYSE:RC], the company’s sales were 1.20B for trailing twelve months, which represents an 34.23% jump. Gross Profit Margin for this corporation currently stands at 0.91% with Operating Profit Margin at 0.65%, Pretax Profit Margin comes in at 0.61%, and Net Profit Margin reading is 0.55%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.14 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.68.
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 8.39 points at the first support level, and at 8.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.56, and for the 2nd resistance point, it is at 8.64.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 1.21, the price to book ratio is 0.60 and price to earnings (TTM) ratio is 3.67.
Transactions by insiders
Recent insider trading involved NATHAN GILBERT E, Director, that happened on Mar 22 ’24 when 7000.0 shares were purchased. Director, NATHAN GILBERT E completed a deal on Mar 22 ’24 to buy 2150.0 shares. Meanwhile, Director NATHAN GILBERT E bought 10000.0 shares on Mar 14 ’24.
