New Residential Investment Corp. (NRZ) is -11.60% away from 50-day simple Moving Average despite all headwinds

June 21, 2022, New Residential Investment Corp. (NYSE: NRZ) trading session started at the price of $9.04, that was 8.67% jump from the session before. During the day, the shares moved up to $9.51 and dropped to $8.965 before settling in for the closing price of $8.65. A 52-week range for NRZ has been $8.18 – $11.81.

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It was noted that within the last five years, the titan of the Real Estate sector saw sales topped by 22.90%. When this article was written, the company’s average yearly earnings per share was at 142.80%. With a float of $464.49 million, this company’s outstanding shares have now reached $466.79 million.

The extent of productivity of a business whose workforce counts for 11324 workers is very important to gauge. In terms of profitability, gross margin is +88.17, operating margin of +48.85, and the pretax margin is +33.28.

New Residential Investment Corp. (NRZ) Insider and Institutional Ownership

Also, it is sometimes useful to examine the sentiment of large-scale investors toward New Residential Investment Corp. stocks. The insider ownership of New Residential Investment Corp. is 0.10%, while institutional ownership is 47.30%. The most recent insider transaction that took place on Nov 23, was worth 100,726. In this transaction Director of this company bought 4,000 shares at a rate of $25.18, taking the stock ownership to the 4,000 shares.

New Residential Investment Corp. (NRZ) Latest Financial update

Going through the last 3-months fiscal report unveiled on the 3/30/2022, it has been observed that the corporation posted $0.37 earnings per share (EPS) during the time that was better than consensus figure (set at $0.35) by $0.02. This company achieved a net margin of +26.66 while generating a return on equity of 12.95. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.37 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 142.80% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 14.14% during the next five years compared to -6.50% drop over the previous five years of trading.

New Residential Investment Corp. (NYSE: NRZ) Trading Performance Indicators

You can see what New Residential Investment Corp. (NRZ) is doing with its current performance indicators. In the most recent quarter, the stock posted a price to sales ratio for the trailing twelve months stands at 0.96.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.20, a number that is poised to hit 0.35 in the next quarter and is forecasted to reach 1.60 in one year’s time.

Technical Analysis of New Residential Investment Corp. (NRZ)

The latest stats from [New Residential Investment Corp., NRZ] show that its last 5-days average volume of 14.18 million was superior to 6.05 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 22.15%. Additionally, its Average True Range was 0.47.

During the past 100 days, New Residential Investment Corp.’s (NRZ) raw stochastic average was set at 34.17%, which indicates a significant decrease from 36.58% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 96.27% in the past 14 days, which was higher than the 49.94% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $10.62, while its 200-day Moving Average is $10.82. Now, the first resistance to watch is $9.62. This is followed by the second major resistance level at $9.84. The third major resistance level sits at $10.16. If the price goes on to break the first support level at $9.07, it is likely to go to the next support level at $8.75. The third support level lies at $8.53 if the price breaches the second support level.

New Residential Investment Corp. (NYSE: NRZ) Key Stats

There are 466,787K outstanding shares of the company, which has a market capitalization of 4.18 billion. As of now, sales total 1,795 M while income totals 772,230 K. Its latest quarter income was 1,257 M while its last quarter net income were 684,320 K.


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