On Monday, Rithm Capital Corporation (NYSE: RITM) opened lower -2.21% from the last session, before settling in for the closing price of $10.84. Price fluctuations for RITM have ranged from $8.87 to $12.02 over the past 52 weeks.
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Real Estate Sector giant saw their annual sales surged by 30.85% over the last five years. Company’s average yearly earnings per share was noted -14.12% at the time writing. With a float of $516.83 million, this company’s outstanding shares have now reached $519.73 million.
The firm has a total of 6570 workers. Let’s measure their productivity. In terms of profitability, gross margin is 70.07%, operating margin of 24.95%, and the pretax margin is 38.65%.
Rithm Capital Corporation (RITM) Insider Activity
A key investor’s attitude towards the stock of the REIT – Mortgage industry is another important factor to consider. The insider ownership of Rithm Capital Corporation is 0.56%, while institutional ownership is 46.15%. The most recent insider transaction that took place on Nov 17 ’23, was worth 376,743,303. In this transaction 10% Owner of this company bought 29,664,827 shares at a rate of $12.70, taking the stock ownership to the 1,000 shares.
Rithm Capital Corporation (RITM) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.58 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.39) by 0.19. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.42 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -14.12% 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 -17.08% drop over the previous five years of trading.
Rithm Capital Corporation (NYSE: RITM) Trading Performance Indicators
Check out the current performance indicators for Rithm Capital Corporation (RITM). In the past quarter, the stock posted a quick ratio of N/A. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.33.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.19, a number that is poised to hit 0.42 in the next quarter and is forecasted to reach 1.86 in one year’s time.
Technical Analysis of Rithm Capital Corporation (RITM)
Analysing the last 5-days average volume posted by the [Rithm Capital Corporation, RITM], we can find that recorded value of 4.1 million was better than the volume posted last year of 3.46 million. As of the previous 9 days, the stock’s Stochastic %D was 47.15%. Additionally, its Average True Range was 0.18.
During the past 100 days, Rithm Capital Corporation’s (RITM) raw stochastic average was set at 7.19%, which indicates a significant decrease from 10.80% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.21% in the past 14 days, which was lower than the 20.54% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.32, while its 200-day Moving Average is $11.06. Now, the first resistance to watch is $10.75. This is followed by the second major resistance level at $10.91. The third major resistance level sits at $10.98. If the price goes on to break the first support level at $10.52, it is likely to go to the next support level at $10.45. Should the price break the second support level, the third support level stands at $10.29.
Rithm Capital Corporation (NYSE: RITM) Key Stats
There are currently 483,478K shares outstanding in the company with a market cap of 5.51 billion. Presently, the company’s annual sales total 3,207 M according to its annual income of 622,260 K. Last quarter, the company’s sales amounted to 966,230 K and its income totaled 235,560 K.
