A new trading day began on May 19, 2023, with Redwood Trust Inc. (NYSE: RWT) stock priced at $5.80, up 0.17% from the previous day of trading. During the day, the shares moved up to $5.855 and dropped to $5.72 before settling in for the closing price of $5.81. RWT’s price has ranged from $5.47 to $10.44 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
A company in the Real Estate sector has jumped its sales by 23.30% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged -160.30%. With a float of $112.24 million, this company’s outstanding shares have now reached $113.68 million.
In an organization with 347 employees, it is important to assess its efficiency. In terms of profitability, gross margin is +94.81, operating margin of +50.56, and the pretax margin is -25.14.
Redwood Trust Inc. (RWT) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the REIT – Mortgage Industry. The insider ownership of Redwood Trust Inc. is 0.30%, while institutional ownership is 75.40%. The most recent insider transaction that took place on Dec 20, was worth 80,303. In this transaction Chief Accounting Officer of this company sold 11,706 shares at a rate of $6.86, taking the stock ownership to the 56,899 shares. Before that another transaction happened on Dec 20, when Company’s Chief Legal Officer sold 7,000 for $6.86, making the entire transaction worth $48,020. This insider now owns 106,821 shares in total.
Redwood Trust Inc. (RWT) Latest Financial update
In its latest quarterly report, released on 3/30/2023, the company reported earnings of $0.02 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of -23.00 while generating a return on equity of -13.59. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.13 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -160.30% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 29.74% during the next five years compared to -25.70% drop over the previous five years of trading.
Redwood Trust Inc. (NYSE: RWT) Trading Performance Indicators
Here are Redwood Trust Inc.’s current performance indicators. According to the last quarter’s results, the stock had a price to sales ratio for the trailing twelve months stands at 0.95. Likewise, its price to free cash flow for the trailing twelve months is 4.60.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.66, a number that is poised to hit 0.11 in the next quarter and is forecasted to reach 0.81 in one year’s time.
Technical Analysis of Redwood Trust Inc. (RWT)
Let’s dig in a bit further. During the last 5-days, its volume was 1.09 million. That was inferior than the volume of 1.12 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 67.65%. Additionally, its Average True Range was 0.19.
During the past 100 days, Redwood Trust Inc.’s (RWT) raw stochastic average was set at 10.77%, which indicates a significant decrease from 57.38% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.20% in the past 14 days, which was lower than the 33.77% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.38, while its 200-day Moving Average is $7.12. However, in the short run, Redwood Trust Inc.’s stock first resistance to watch stands at $5.88. Second resistance stands at $5.93. The third major resistance level sits at $6.01. If the price goes on to break the first support level at $5.74, it is likely to go to the next support level at $5.66. The third support level lies at $5.61 if the price breaches the second support level.
Redwood Trust Inc. (NYSE: RWT) Key Stats
With a market capitalization of 662.49 million, the company has a total of 114,029K Shares Outstanding. Currently, annual sales are 707,850 K while annual income is -163,520 K. The company’s previous quarter sales were 178,520 K while its latest quarter income was 4,620 K.
