Ready Capital Corp (NYSE: RC) on Friday, plunged -0.89% from the previous trading day, before settling in for the closing price of $6.73. Within the past 52 weeks, RC’s price has moved between $6.39 and $9.53.
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During the last 5-year period, the sales growth of Real Estate Sector giant was 32.17%. The company achieved an average annual earnings per share of -62.67%. With a float of $166.40 million, this company’s outstanding shares have now reached $168.53 million.
In terms of profitability, gross margin is 90.49%, operating margin of 52.54%, and the pretax margin is -19.66%.
Ready Capital Corp (RC) Breakdown of a Key Holders of the stock
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 61.03%. 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) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around -62.67% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -2.55% 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 1.10.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.73, a number that is poised to hit 0.19 in the next quarter and is forecasted to reach 0.99 in one year’s time.
Technical Analysis of Ready Capital Corp (RC)
Looking closely at Ready Capital Corp (NYSE: RC), its last 5-days average volume was 1.9 million, which is a drop from its year-to-date volume of 1.96 million. As of the previous 9 days, the stock’s Stochastic %D was 54.51%. Additionally, its Average True Range was 0.19.
During the past 100 days, Ready Capital Corp’s (RC) raw stochastic average was set at 13.86%, which indicates a significant decrease from 38.36% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.53% in the past 14 days, which was lower than the 28.60% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.03, while its 200-day Moving Average is $7.86. However, in the short run, Ready Capital Corp’s stock first resistance to watch stands at $6.73. Second resistance stands at $6.79. The third major resistance level sits at $6.85. If the price goes on to break the first support level at $6.61, it is likely to go to the next support level at $6.56. Now, if the price goes above the second support level, the third support stands at $6.50.
Ready Capital Corp (NYSE: RC) Key Stats
Market capitalization of the company is 1.12 billion based on 168,531K outstanding shares. Right now, sales total 945,810 K and income totals 339,450 K. The company made 226,540 K in profit during its latest quarter, and -9,310 K in sales during its previous quarter.
