why Rithm Capital Corp. [RITM] is a Good Choice for Investors After New Price Target of $11.80

Rithm Capital Corp. [NYSE: RITM] traded at a high on 10/18/22, posting a 3.20 gain after which it closed the day’ session at $7.75. The company report on October 18, 2022 that Rithm Capital Corp. Schedules Third Quarter 2022 Earnings Release and Conference Call.


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Rithm Capital Corp. (NYSE:RITM, “Rithm Capital” or the “Company”) announced today that it will release its third quarter 2022 financial results for the period ended September 30, 2022 on Wednesday, November 2, 2022 prior to the opening of the New York Stock Exchange. In addition, management will host a conference call on Wednesday, November 2, 2022 at 8:00 A.M. Eastern Time.

A copy of the earnings release will be posted to the Press Releases section of the Company’s website, www.rithmcap.com and all interested parties are welcome to participate on the live call. The conference call may be accessed by dialing 1-833-974-2382 (from within the U.S.) or 1-412-317-5787 (from outside of the U.S.) ten minutes prior to the scheduled start of the call; please reference “Rithm Capital Third Quarter 2022 Earnings Call.” In addition, participants are encouraged to pre-register for the conference call at https://dpregister.com/sreg/10172582/f4e46bc5d8.

The results of the trading session contributed to over 6658141 shares changing hands. Over the past one week, the price volatility of Rithm Capital Corp. stands at 4.13% while the volatility over the past one month is 4.75%.

The market cap for RITM stock reached $3.70 billion, with 466.81 million shares outstanding and 464.53 million shares in the current float. Compared to the average trading volume of 4.62M shares, RITM reached a trading volume of 6658141 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Rithm Capital Corp. [RITM]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RITM shares is $11.80 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RITM stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Piper Sandler have made an estimate for Rithm Capital Corp. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 30, 2022.

The Average True Range (ATR) for Rithm Capital Corp. is set at 0.35, with the Price to Sales ratio for RITM stock in the period of the last 12 months amounting to 0.75. The Price to Book ratio for the last quarter was 0.63, with the Price to Cash per share for the same quarter was set at 3.17.

How has RITM stock performed recently?

Rithm Capital Corp. [RITM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.17. With this latest performance, RITM shares dropped by -13.89% in over the last four-week period, additionally sinking by -26.12% over the last 6 months – not to mention a drop of -31.66% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RITM stock in for the last two-week period is set at 45.91, with the RSI for the last a single of trading hit 53.08, and the three-weeks RSI is set at 42.57 for Rithm Capital Corp. [RITM]. The present Moving Average for the last 50 days of trading for this stock 8.78, while it was recorded at 7.51 for the last single week of trading, and 10.03 for the last 200 days.

Rithm Capital Corp. [RITM]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Rithm Capital Corp. [RITM] shares currently have an operating margin of +48.85 and a Gross Margin at +88.17. Rithm Capital Corp.’s Net Margin is presently recorded at +26.66.

Return on Equity for this stock inclined to 12.95, with Return on Assets sitting at 2.11.

Earnings analysis for Rithm Capital Corp. [RITM]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RITM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Rithm Capital Corp. go to 14.14%.

Insider trade positions for Rithm Capital Corp. [RITM]

There are presently around $1,754 million, or 48.30% of RITM stock, in the hands of institutional investors. The top three institutional holders of RITM stocks are: VANGUARD GROUP INC with ownership of 42,779,054, which is approximately 1.129% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 22,950,411 shares of the stock with an approximate value of $177.87 million in RITM stocks shares; and PACER ADVISORS, INC., currently with $124.66 million in RITM stock with ownership of nearly 34.498% of the company’s market capitalization.

Positions in Rithm Capital Corp. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 196 institutional holders increased their position in Rithm Capital Corp. [NYSE:RITM] by around 19,332,319 shares. Additionally, 186 investors decreased positions by around 16,675,554 shares, while 77 investors held positions by with 190,294,926 shares. The mentioned changes placed institutional holdings at 226,302,799 shares, according to the latest SEC report filing. RITM stock had 50 new institutional investments in for a total of 4,289,436 shares, while 52 institutional investors sold positions of 3,678,329 shares during the same period.

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