Ready Capital Corp [NYSE: RC] traded at a low on Monday, posting a -26.84 loss after which it closed the day’ session at $5.07.
The results of the trading session contributed to over 22926583 shares changing hands. Over the past one week, the price volatility of Ready Capital Corp stands at 5.93% while the volatility over the past one month is 3.34%.
The market cap for RC stock reached $854.45 million, with 168.53 million shares outstanding and 166.33 million shares in the current float. Compared to the average trading volume of 2.02M shares, RC reached a trading volume of 22926583 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $6.44 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 3.29. 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.
Citizens JMP have made an estimate for Ready Capital Corp shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on Mar-04-25. While these analysts kept the previous recommendation, B. Riley Securities dropped their target price from $12 to $10. The new note on the price target was released on January 07, 2025, representing the official price target for Ready Capital Corp stock.
The Average True Range (ATR) for Ready Capital Corp is set at 0.32, with the Price to Sales ratio for RC stock in the period of the last 12 months amounting to 0.94. The Price to Book ratio for the last quarter was 0.48, with the Price to Cash per share for the same quarter was set at 1.03.
How has RC stock performed recently?
Ready Capital Corp [RC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -24.33. With this latest performance, RC shares dropped by -24.33% in over the last four-week period, additionally sinking by -38.02% over the last 6 months – not to mention a drop of -40.28% 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 20.99, with the RSI for the last a single of trading hit 16.33, and the three-weeks RSI is set at 24.92 for Ready Capital Corp [RC]. The present Moving Average for the last 50 days of trading for this stock 6.81, while it was recorded at 6.50 for the last single week of trading, and 7.70 for the last 200 days.
Insider trade positions for Ready Capital Corp [RC]
The top three institutional holders of RC stocks are: BLACKROCK INC. with ownership of 26.65 million shares, which is approximately 15.4904%. VANGUARD GROUP INC, holding 10.76 million shares of the stock with an approximate value of $$87.98 million in RC stocks shares; and VANGUARD GROUP INC, currently with $$51.09 million in RC stock with ownership which is approximately 3.504%.
