Ready Capital Corp [RC] stock prices are down -1.29% to $8.39 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 RC shares have lost -0.24% over the last week, with a monthly amount glided 1.33%, and 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 May 10, 2024, when Ladenburg Thalmann downgraded its rating to a Neutral. Previously, Keefe Bruyette downgraded its rating to Underperform on March 04, 2024, and dropped its price target to $8. On December 18, 2023, downgrade downgraded it’s rating to Mkt Perform. Wedbush started tracking with a Neutral rating for this stock on October 17, 2023, and assigned it a price target of $11. In a note dated December 15, 2022, Keefe Bruyette downgraded an Mkt Perform rating on this stock but restated the target price of $13.
The stock price of Ready Capital Corp [RC] has been fluctuating between $7.93 and $11.97 over the past year. Currently, Wall Street analysts expect the stock to reach $11 within the next 12 months. Ready Capital Corp [NYSE: RC] shares were valued at $8.39 at the most recent close of the market. An investor can expect a potential return of 31.11% based on the average RC price forecast.
Analyzing the RC fundamentals
The Ready Capital Corp [NYSE:RC] reported sales of 1.20B for trailing twelve months, representing a drop of -1.03%. Gross Profit Margin for this corporation currently stands at 0.92% with Operating Profit Margin at 0.75%, Pretax Profit Margin comes in at 0.28%, and Net Profit Margin reading is 0.28%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.09 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.69.
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 8.29 points at the first support level, and at 8.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.51, and for the 2nd resistance point, it is at 8.63.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 1.17, the price to book ratio is 0.62 and price to earnings (TTM) ratio is 5.27.
Transactions by insiders
Recent insider trading involved NATHAN GILBERT E, Director, that happened on May 24 ’24 when 10000.0 shares were purchased. Director, NATHAN GILBERT E completed a deal on Mar 22 ’24 to buy 7000.0 shares. Meanwhile, Director NATHAN GILBERT E bought 2150.0 shares on Mar 22 ’24.
