Ready Capital Corp [NYSE: RC] surged by $0.21 during the normal trading session on while it closed the day at $8.66.
Ready Capital Corp stock has also gained 0.46% of its value over the past 7 days. However, RC stock has declined by -2.48% in the 3 months of the year. Over the past six months meanwhile, it has lost -12.70% and lost -15.51% year-on date.
The market cap for RC stock reached $1.46 billion, with 172.28 million shares outstanding and 167.25 million shares in the current float. Compared to the average trading volume of 1.45M shares, RC reached a trading volume of 3419343 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Ready Capital Corp [RC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RC shares is $10.14 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RC stock is a recommendation set at 2.50. 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.
Keefe Bruyette have made an estimate for Ready Capital Corp shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on March 04, 2024. The new note on the price target was released on December 18, 2023, representing the official price target for Ready Capital Corp stock. Previously, the target price had yet another raise to $10.50, while UBS analysts kept a Neutral rating on RC stock. On October 23, 2023, analysts decreased their price target for RC shares from 14.50 to 12.
The Average True Range (ATR) for Ready Capital Corp is set at 0.23, with the Price to Sales ratio for RC stock in the period of the last 12 months amounting to 1.22. The Price to Book ratio for the last quarter was 0.64, with the Price to Cash per share for the same quarter was set at 1.13. Price to Free Cash Flow for RC in the course of the last twelve months was 44.22.
RC stock trade performance evaluation
Ready Capital Corp [RC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.46. With this latest performance, RC shares gained by 4.34% in over the last four-week period, additionally sinking by -12.70% over the last 6 months – not to mention a drop of -12.74% 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 RC stock in for the last two-week period is set at 49.22, with the RSI for the last a single of trading hit 50.18, and the three-weeks RSI is set at 48.30 for Ready Capital Corp [RC]. The present Moving Average for the last 50 days of trading for this stock 8.74, while it was recorded at 8.64 for the last single week of trading, and 9.83 for the last 200 days.
Earnings per share (EPS) analysis for Ready Capital Corp [RC] stock
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 RC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Ready Capital Corp go to 14.21%.
Ready Capital Corp [RC]: Institutional Ownership
The top three institutional holders of RC stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in RC stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in RC stock with ownership which is approximately 5.8386%.
