Redwood Trust Inc. [RWT] stock prices are up 11.75% to $6.18 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The RWT shares have gain 7.29% over the last week, with a monthly amount glided 0.49%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Redwood Trust Inc. [NYSE: RWT] stock has seen the most recent analyst activity on April 11, 2024, when Wedbush downgraded its rating to a Neutral. Previously, UBS started tracking the stock with Buy rating on December 06, 2023, and set its price target to $9. On December 05, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $8.50 on the stock. Piper Sandler downgraded its rating to a Neutral but stick to its price target of $7 on June 15, 2023. Wedbush initiated its recommendation with a Outperform and recommended $9 as its price target on October 05, 2022. BTIG Research downgraded its rating to Neutral for this stock on August 31, 2022. In a note dated May 13, 2022, JP Morgan initiated an Overweight rating and provided a target price of $11.50 on this stock.
The stock price of Redwood Trust Inc. [RWT] has been fluctuating between $5.45 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 $6.18 at the most recent close of the market. An investor can expect a potential return of 80.74% based on the average RWT price forecast.
Analyzing the RWT fundamentals
The Redwood Trust Inc. [NYSE:RWT] reported sales of 815.93M for trailing twelve months, representing a surge of 23.06%. 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 5.88 points at the first support level, and at 5.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.40, and for the 2nd resistance point, it is at 6.61.
Redwood Trust Inc. [RWT] reported earnings per share of $0.08 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.09/share, meaning a difference of -$0.01 and a surprise factor of -11.10%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $0.05 per share as compared to estimates of $0.14 per share, a difference of -$0.09 representing a surprise of -64.30%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 1.00, the price to book ratio is 0.67 and price to earnings (TTM) ratio is 87.29.
