At the time of writing, Rithm Capital Corporation [RITM] stock is trading at $10.82, up 1.60%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The RITM shares have gain 2.08% over the last week, with a monthly amount drifted -3.05%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Rithm Capital Corporation [NYSE: RITM] 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 $12.50. Previously, B. Riley Securities started tracking the stock with Buy rating on December 16, 2022, and set its price target to $12. On September 30, 2022, upgrade upgraded it’s rating to Neutral and revised its price target to $9 on the stock.
For the past year, the stock price of Rithm Capital Corporation fluctuated between $7.59 and $11.33. Currently, Wall Street analysts expect the stock to reach $12.5 within the next 12 months. Rithm Capital Corporation [NYSE: RITM] shares were valued at $10.82 at the most recent close of the market. An investor can expect a potential return of 15.53% based on the average RITM price forecast.
Analyzing the RITM fundamentals
According to Rithm Capital Corporation [NYSE:RITM], the company’s sales were 3.79B for trailing twelve months, which represents an 363.78% jump. Gross Profit Margin for this corporation currently stands at 0.59% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.39%, and Net Profit Margin reading is 0.3%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.08 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.7.
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 10.66 points at the first support level, and at 10.51 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.91, and for the 2nd resistance point, it is at 11.01.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 1.38, the price to book ratio is 0.91 and price to earnings (TTM) ratio is 9.82.
Transactions by insiders
Recent insider trading involved Rithm Capital Corp., 10% Owner, that happened on Nov 17 ’23 when 29.66 million shares were purchased.
