Redwood Trust Inc. (RWT) average volume reaches $750.24K: Is Wall Street expecting a rally?

On Tuesday, Redwood Trust Inc. (NYSE: RWT) was 0.93% up from the session before settling in for the closing price of $7.54. A 52-week range for RWT has been $5.45 – $8.15.

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

Over the past five-year period, the growth rate of yearbook sales for the company of the Real Estate sector was 22.64%. When this article was written, the company’s average yearly earnings per share was at 684.60%. With a float of $130.60 million, this company’s outstanding shares have now reached $131.49 million.

Considering the fact that the conglomerate employs 289 people, you should pay attention to its efficiency factor. 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 Activity

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Redwood Trust Inc. stocks. The insider ownership of Redwood Trust Inc. is 1.22%, while institutional ownership is 78.69%. 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) Earnings and Forecasts

Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted 0.09 earnings per share (EPS) during the time that was less than consensus figure (set at 0.16) by -0.07. 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

You can see what Redwood Trust Inc. (RWT) is doing with its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.19.

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)

Compared to the last year’s volume of 1.09 million, its volume of 0.66 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 47.33%. Additionally, its Average True Range was 0.15.

During the past 100 days, Redwood Trust Inc.’s (RWT) raw stochastic average was set at 71.80%, which indicates a significant increase from 61.90% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.09% in the past 14 days, which was lower than the 25.47% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $7.57, while its 200-day Moving Average is $6.76. Nevertheless, the first resistance level for the watch stands at $7.71 in the near term. At $7.80, the stock is likely to face the second major resistance level. The third major resistance level sits at $7.94. If the price goes on to break the first support level at $7.47, it is likely to go to the next support level at $7.33. Should the price break the second support level, the third support level stands at $7.24.

Redwood Trust Inc. (NYSE: RWT) Key Stats

There are 132,216K outstanding shares of the company, which has a market capitalization of 1.01 billion. As of now, sales total 724,460 K while income totals -2,270 K. Its latest quarter income was 225,420 K while its last quarter net income were 15,530 K.