Rithm Capital Corporation [NYSE: RITM] stock went on a downward path that fall over -1.58% on Thursday, amounting to a one-week price increase of more than 2.79%. The company report on October 31, 2023 at 8:30 AM that Rithm Capital Partners with Darwin Homes to Form Innovative Single-Family Rental Management Technology Platform.
Establishes Adoor Property Management, LLC, Utilizing Darwin’s End-to-End Technology to Enhance the Resident Experience and Drive Management Efficiencies for Adoor’s Rapidly Growing Portfolio.
Pagaya Onboards Leading Asset Manager, Rithm Capital, to its Network Through its B2B2C Rental Product, Operated by Darwin.
Over the last 12 months, RITM stock rose by 10.79%. The one-year Rithm Capital Corporation stock forecast points to a potential upside of 15.45. The average equity rating for RITM stock is currently 1.30, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $4.81 billion, with 483.21 million shares outstanding and 480.62 million shares in the current float. Compared to the average trading volume of 3.54M shares, RITM stock reached a trading volume of 2872284 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Rithm Capital Corporation [RITM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RITM shares is $11.78 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 1.30. 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.
B. Riley Securities have made an estimate for Rithm Capital Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 16, 2022.
The Average True Range (ATR) for Rithm Capital Corporation is set at 0.20, with the Price to Sales ratio for RITM stock in the period of the last 12 months amounting to 1.80. The Price to Book ratio for the last quarter was 0.81, with the Price to Cash per share for the same quarter was set at 3.28. Price to Free Cash Flow for RITM in the course of the last twelve months was 2.66.
RITM Stock Performance Analysis:
Rithm Capital Corporation [RITM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.79. With this latest performance, RITM shares gained by 7.56% in over the last four-week period, additionally plugging by 20.87% over the last 6 months – not to mention a rise of 10.79% 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 60.52, with the RSI for the last a single of trading hit 62.13, and the three-weeks RSI is set at 58.14 for Rithm Capital Corporation [RITM]. The present Moving Average for the last 50 days of trading for this stock 9.54, while it was recorded at 9.93 for the last single week of trading, and 9.09 for the last 200 days.
Insight into Rithm Capital Corporation Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Rithm Capital Corporation [RITM] shares currently have an operating margin of +101.91 and a Gross Margin at +68.48. Rithm Capital Corporation’s Net Margin is presently recorded at +47.02.
Return on Total Capital for RITM is now 6.03, given the latest momentum, and Return on Invested Capital for the company is 4.29. Return on Equity for this stock inclined to 14.09, with Return on Assets sitting at 2.63. When it comes to the capital structure of this company, Rithm Capital Corporation [RITM] has a Total Debt to Total Equity ratio set at 334.48. Additionally, RITM Total Debt to Total Capital is recorded at 76.98, with Total Debt to Total Assets ending up at 71.22. Long-Term Debt to Equity for the company is recorded at 255.77, with the Long-Term Debt to Total Capital now at 48.21.
Reflecting on the efficiency of the workforce at the company, Rithm Capital Corporation [RITM] managed to generate an average of $165,629 per employee. Receivables Turnover for the company is 0.38 with a Total Asset Turnover recorded at a value of 0.06.
RITM Stock EPS
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 Corporation go to 14.14%.
Rithm Capital Corporation [RITM] Institutonal Ownership Details
The top three institutional holders of RITM stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in RITM stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in RITM stock with ownership which is approximately 5.7994%.