There are many powerful catalysts in the market: Ready Capital Corporation (RC) can be one of them

Ready Capital Corporation (NYSE: RC) closed the day trading at $9.89 up 0.61% from the previous closing price of $9.83. In other words, the price has increased by $+0.06 from its previous closing price. On the day, 2071215 shares were traded. RC stock price reached its highest trading level at $10.00 during the session, while it also had its lowest trading level at $9.62.

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For a better understanding of RC, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 6.97 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.09. In the meantime, Its Debt-to-Equity ratio is 5.59 whereas as Long-Term Debt/Eq ratio is at 5.56.

Upgrades & Downgrades

On October 20, 2022, UBS started tracking the stock assigning a Neutral rating and target price of $11.

Piper Sandler Downgraded its Overweight to Neutral on July 08, 2021, while the target price for the stock was maintained at $15.50.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 08 when NATHAN GILBERT E bought 3,841 shares for $11.05 per share. The transaction valued at 42,443 led to the insider holds 60,406 shares of the business.

NATHAN GILBERT E bought 5,000 shares of RC for $54,773 on Mar 07. The Director now owns 56,565 shares after completing the transaction at $10.95 per share. On Mar 03, another insider, Mielle Dominique, who serves as the Director of the company, bought 7,500 shares for $14.15 each. As a result, the insider paid 106,124 and bolstered with 35,988 shares of the company.

Valuation Measures:

As of this moment, Ready’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.78, and their Forward P/E ratio for the next fiscal year is 5.94. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.41. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.52 while its Price-to-Book (P/B) ratio in mrq is 0.65.

Stock Price History:

Over the past 52 weeks, RC has reached a high of $15.92, while it has fallen to a 52-week low of $9.69. The 50-Day Moving Average of the stock is 12.14, while the 200-Day Moving Average is calculated to be 12.46.

Shares Statistics:

Over the past 3-months, RC traded about 1.11M shares per day on average, while over the past 10 days, RC traded about 2.07M shares per day. A total of 110.78M shares are outstanding, with a floating share count of 109.33M. Insiders hold about 0.10% of the company’s shares, while institutions hold 64.80% stake in the company. Shares short for RC as of Jan 12, 2023 were 3.7M with a Short Ratio of 4.13M, compared to 4.16M on Dec 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 3.35% and a Short% of Float of 4.34%.

Dividends & Splits

RC’s forward annual dividend rate is 1.60, up from 1.30 a year ago. Against a Trailing Annual Dividend Yield of 13.22%, it implies a Forward Annual Dividend Yield of 12.02%. The stock’s 5-year Average Dividend Yield is 11.65.

Earnings Estimates

Current recommendations for the stock of the company come from 8 analysts. On average, analysts expect EPS of $0.42 for the current quarter, with a high estimate of $0.45 and a low estimate of $0.39, while EPS last year was $0.67. The consensus estimate for the next quarter is $0.41, with high estimates of $0.44 and low estimates of $0.38.

Analysts are recommending an EPS of between $1.9 and $1.8 for the fiscal current year, implying an average EPS of $1.86. EPS for the following year is $1.68, with 8 analysts recommending between $1.8 and $1.55.

Revenue Estimates

6 analysts predict $78.37M in revenue for the current quarter. It ranges from a high estimate of $94.9M to a low estimate of $69.43M. As of the current estimate, Ready Capital Corporation’s year-ago sales were $64.69M, an estimated increase of 21.10% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $73.94M, an increase of 16.60% less than the figure of $21.10% in the same quarter last year. There is a high estimate of $87.5M for the next quarter, whereas the lowest estimate is $62M.

A total of 6 analysts have provided revenue estimates for RC’s current fiscal year. The highest revenue estimate was $301.6M, while the lowest revenue estimate was $276.19M, resulting in an average revenue estimate of $284.98M. In the same quarter a year ago, actual revenue was $189.94M, up 50.00% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $293.9M in the next fiscal year. The high estimate is $362.2M and the low estimate is $238M. The average revenue growth estimate for next year is up 3.10% from the average revenue estimate for this year.