At the time of writing, Ready Capital Corp [RC] stock is trading at $6.89, up 0.58%. An important factor to consider is whether the stock is rising or falling in short-term value. The RC shares have gain 5.03% over the last week, with a monthly amount drifted -2.13%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Ready Capital Corp [NYSE: RC] stock has seen the most recent analyst activity on January 07, 2025, when B. Riley Securities downgraded its rating to a Neutral and also revised its price target to $10 from $12. On May 10, 2024, downgrade downgraded it’s rating to Neutral. Keefe Bruyette downgraded its rating to a Underperform and decreased its price target to $8 on March 04, 2024. Raymond James downgraded its rating to a Mkt Perform.
For the past year, the stock price of Ready Capital Corp fluctuated between $6.39 and $9.53. Currently, Wall Street analysts expect the stock to reach $8.5 within the next 12 months. Ready Capital Corp [NYSE: RC] shares were valued at $6.89 at the most recent close of the market. An investor can expect a potential return of 23.37% based on the average RC price forecast.
Analyzing the RC fundamentals
According to Ready Capital Corp [NYSE:RC], the company’s sales were 1.02B for trailing twelve months, which represents an -42.35% plunge. Gross Profit Margin for this corporation currently stands at 0.9% with Operating Profit Margin at 0.53%, Pretax Profit Margin comes in at -0.2%, and Net Profit Margin reading is -0.14%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.05 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.83.
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 6.83 points at the first support level, and at 6.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.94, and for the 2nd resistance point, it is at 7.00.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 1.14, the price to book ratio is 0.55.
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.
