Ready Capital Corp (NYSE: RC) on Tuesday, soared 0.28% from the previous trading day, before settling in for the closing price of $7.19. Within the past 52 weeks, RC’s price has moved between $7.00 and $11.67.
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Annual sales at Real Estate sector company grew by 31.22% over the past five years. The company achieved an average annual earnings per share of -18.28%. With a float of $166.58 million, this company’s outstanding shares have now reached $172.28 million.
In terms of profitability, gross margin is 91.61%, operating margin of 49.35%, and the pretax margin is -11.28%.
Ready Capital Corp (RC) Insider and Institutional Ownership
Observing investor behavior towards REIT – Mortgage industry stocks is more important than anything else. The insider ownership of Ready Capital Corp is 0.97%, while institutional ownership is 57.82%. The most recent insider transaction that took place on May 24 ’24, was worth 82,860. In this transaction Director of this company bought 10,000 shares at a rate of $8.29, taking the stock ownership to the 95,249 shares. Before that another transaction happened on Mar 22 ’24, when Company’s Director bought 7,000 for $9.12, making the entire transaction worth $63,832. This insider now owns 7,000 shares in total.
Ready Capital Corp (RC) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around -18.28% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 14.21% during the next five years compared to 4.07% growth over the previous five years of trading.
Ready Capital Corp (NYSE: RC) Trading Performance Indicators
Ready Capital Corp (RC) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.05. Likewise, its price to free cash flow for the trailing twelve months is 109.37.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.40, a number that is poised to hit 0.24 in the next quarter and is forecasted to reach 1.08 in one year’s time.
Technical Analysis of Ready Capital Corp (RC)
Ready Capital Corp (NYSE: RC) saw its 5-day average volume 1.36 million, a negative change from its year-to-date volume of 1.56 million. As of the previous 9 days, the stock’s Stochastic %D was 34.44%. Additionally, its Average True Range was 0.18.
During the past 100 days, Ready Capital Corp’s (RC) raw stochastic average was set at 8.28%, which indicates a significant decrease from 21.88% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.29% in the past 14 days, which was lower than the 27.47% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.97, while its 200-day Moving Average is $8.67. Nevertheless, the first resistance level for the watch stands at $7.28 in the near term. At $7.35, the stock is likely to face the second major resistance level. The third major resistance level sits at $7.40. If the price goes on to break the first support level at $7.16, it is likely to go to the next support level at $7.11. The third support level lies at $7.04 if the price breaches the second support level.
Ready Capital Corp (NYSE: RC) Key Stats
Market capitalization of the company is 1.21 billion based on 168,105K outstanding shares. Right now, sales total 945,810 K and income totals 339,450 K. The company made 234,120 K in profit during its latest quarter, and -36,020 K in sales during its previous quarter.
