Ready Capital Corp (NYSE: RC) kicked off on Monday, down -0.59% from the previous trading day, before settling in for the closing price of $6.75. Over the past 52 weeks, RC has traded in a range of $6.73-$11.67.
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Real Estate Sector giant saw their annual sales surged by 31.22% over the last five years. While this was happening, its average annual earnings per share was recorded -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 Activity
Our next focus will be how large-scale investors are participating in this stock of the REIT – Mortgage Industry. The insider ownership of Ready Capital Corp is 0.97%, while institutional ownership is 57.99%. 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) Earnings and Forecasts
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
Take a look at Ready Capital Corp’s (RC) current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.97. Likewise, its price to free cash flow for the trailing twelve months is 100.29.
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)
Analysing the last 5-days average volume posted by the [Ready Capital Corp, RC], we can find that recorded value of 1.66 million was better than the volume posted last year of 1.55 million. As of the previous 9 days, the stock’s Stochastic %D was 17.80%. Additionally, its Average True Range was 0.17.
During the past 100 days, Ready Capital Corp’s (RC) raw stochastic average was set at 0.00%, which indicates a significant increase from 0.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.08% in the past 14 days, which was lower than the 26.84% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.54, while its 200-day Moving Average is $8.46. Now, the first resistance to watch is $6.79. This is followed by the second major resistance level at $6.87. The third major resistance level sits at $6.90. If the price goes on to break the first support level at $6.67, it is likely to go to the next support level at $6.63. Should the price break the second support level, the third support level stands at $6.55.
Ready Capital Corp (NYSE: RC) Key Stats
The company with the Market Capitalisation of 1.11 billion has total of 168,215K Shares Outstanding. Its annual sales at the moment are 945,810 K in contrast with the sum of 339,450 K annual income. Company’s last quarter sales were recorded 234,120 K and last quarter income was -36,020 K.
