A new trading day began on Monday, with Redwood Trust Inc. (NYSE: RWT) stock price down -2.47% from the previous day of trading, before settling in for the closing price of $7.68. RWT’s price has ranged from $5.45 to $8.15 over the past 52 weeks.
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Annual sales at Real Estate sector company grew by 22.64% over the past five years. Meanwhile, its annual earnings per share averaged 684.60%. With a float of $130.60 million, this company’s outstanding shares have now reached $131.49 million.
Let’s look at the performance matrix of the company that is accounted for 289 employees. In terms of profitability, gross margin is 93.88%, operating margin of 87.78%, and the pretax margin is 5.68%.
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 1.22%, while institutional ownership is 78.87%. The most recent insider transaction that took place on May 30 ’24, was worth 93,720. In this transaction Chief Financial Officer of this company bought 15,000 shares at a rate of $6.25, taking the stock ownership to the 56,772 shares.
Redwood Trust Inc. (RWT) Latest Financial update
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.09 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). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.16 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 684.60% per share during the next fiscal year.
Redwood Trust Inc. (NYSE: RWT) Trading Performance Indicators
Here are Redwood Trust Inc.’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.18.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.16, a number that is poised to hit 0.19 in the next quarter and is forecasted to reach 0.80 in one year’s time.
Technical Analysis of Redwood Trust Inc. (RWT)
Redwood Trust Inc. (NYSE: RWT) saw its 5-day average volume 0.64 million, a negative change from its year-to-date volume of 1.1 million. As of the previous 9 days, the stock’s Stochastic %D was 61.90%. Additionally, its Average True Range was 0.15.
During the past 100 days, Redwood Trust Inc.’s (RWT) raw stochastic average was set at 65.98%, which indicates a significant increase from 33.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.87% in the past 14 days, which was lower than the 25.48% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.52, while its 200-day Moving Average is $6.74. Nevertheless, the first resistance level for the watch stands at $7.61 in the near term. At $7.73, the stock is likely to face the second major resistance level. The third major resistance level sits at $7.80. If the price goes on to break the first support level at $7.43, it is likely to go to the next support level at $7.36. The third support level lies at $7.24 if the price breaches the second support level.
Redwood Trust Inc. (NYSE: RWT) Key Stats
With a market capitalization of 990.33 million, the company has a total of 132,153K Shares Outstanding. Currently, annual sales are 724,460 K while annual income is -2,270 K. The company’s previous quarter sales were 225,420 K while its latest quarter income was 15,530 K.
