Rithm Capital Corporation [NYSE: RITM] traded at a low on Wednesday, posting a -0.67 loss after which it closed the day’ session at $11.81.
The results of the trading session contributed to over 3039193 shares changing hands. Over the past one week, the price volatility of Rithm Capital Corporation stands at 1.49% while the volatility over the past one month is 1.42%.
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The market cap for RITM stock reached $5.78 billion, with 489.73 million shares outstanding and 486.83 million shares in the current float. Compared to the average trading volume of 2.94M shares, RITM reached a trading volume of 3039193 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 Corporation [RITM]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RITM shares is $13.06 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 1.27. 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.
UBS have made an estimate for Rithm Capital Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 06, 2023. While these analysts kept the previous recommendation, B. Riley Securities raised their target price to Buy. The new note on the price target was released on December 16, 2022, representing the official price target for Rithm Capital Corporation stock. Previously, the target price had yet another drop from $10 to $9, while Piper Sandler kept a Neutral rating on RITM stock.
The Average True Range (ATR) for Rithm Capital Corporation is set at 0.19, with the Price to Sales ratio for RITM stock in the period of the last 12 months amounting to 1.40. The Price to Book ratio for the last quarter was 0.95, with the Price to Cash per share for the same quarter was set at 3.14.
How has RITM stock performed recently?
Rithm Capital Corporation [RITM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.42. With this latest performance, RITM shares gained by 2.61% in over the last four-week period, additionally plugging by 7.85% over the last 6 months – not to mention a rise of 17.75% 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 58.77, with the RSI for the last a single of trading hit 59.71, and the three-weeks RSI is set at 57.71 for Rithm Capital Corporation [RITM]. The present Moving Average for the last 50 days of trading for this stock 11.44, while it was recorded at 11.79 for the last single week of trading, and 11.02 for the last 200 days.
Earnings analysis for Rithm Capital Corporation [RITM]
With the latest financial reports released by the company, Rithm Capital Corporation posted 0.58/share EPS, while the average EPS was predicted by analysts to be reported at 0.39/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.19. 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%.
Insider trade positions for Rithm Capital Corporation [RITM]
There are presently around $50.19%, or 50.41%% of RITM stock, in the hands of institutional investors. The top three institutional holders of RITM stocks are: VANGUARD GROUP INC with ownership of 45.7 million shares, which is approximately 9.456%. BLACKROCK INC., holding 26.88 million shares of the stock with an approximate value of $$293.31 million in RITM stocks shares; and BLACKROCK INC., currently with $$122.62 million in RITM stock with ownership which is approximately 2.3253%.
