Rithm Capital Corporation [RITM] stock is trading at $11.56, up 1.94%. 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 RITM shares have gain 2.48% over the last week, with a monthly amount glided 5.86%, and seem to be holding up well over a long-time horizon.
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.
Rithm Capital Corporation [RITM] stock has fluctuated between $9.97 and $12.02 over the past year. Currently, Wall Street analysts expect the stock to reach $12.67 within the next 12 months. Rithm Capital Corporation [NYSE: RITM] shares were valued at $11.56 at the most recent close of the market. An investor can expect a potential return of 9.6% based on the average RITM price forecast.
Analyzing the RITM fundamentals
Rithm Capital Corporation [NYSE:RITM] reported sales of 5.03B for the trailing twelve months, which represents a growth of 133.57%. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at -0.16%, Pretax Profit Margin comes in at 0.47%, and Net Profit Margin reading is 0.38%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.08 and Total Capital is -0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.89.
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 11.45 points at the first support level, and at 11.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.66, and for the 2nd resistance point, it is at 11.75.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 1.19, the price to book ratio is 0.94 and price to earnings (TTM) ratio is 11.72.
