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As of close of business last night, Rithm Capital Corporation’s stock clocked out at $10.58, down -2.13% from its previous closing price of $10.81. In other words, the price has decreased by -$2.13 from its previous closing price. On the day, 6.18 million shares were traded. RITM stock price reached its highest trading level at $10.7693 during the session, while it also had its lowest trading level at $10.57.
Ratios:
To gain a deeper understanding of RITM’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 4.37 whereas as Long-Term Debt/Eq ratio is at 4.10.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, UBS on December 06, 2023, initiated with a Buy rating and assigned the stock a target price of $12.50.
On December 16, 2022, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $12.
Piper Sandler Upgraded its Underweight to Neutral on September 30, 2022, whereas the target price for the stock was revised from $10 to $9.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Nov 17 ’23 when Rithm Capital Corp. bought 29,664,827 shares for $12.70 per share. The transaction valued at 376,743,303 led to the insider holds 1,000 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RITM now has a Market Capitalization of 5618308096 and an Enterprise Value of 35711356928. As of this moment, Rithm’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.88, and their Forward P/E ratio for the next fiscal year is 5.65. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.63. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.33 while its Price-to-Book (P/B) ratio in mrq is 0.85. Its current Enterprise Value per Revenue stands at 11.39.
Stock Price History:
The Beta on a monthly basis for RITM is 1.78, which has changed by 0.1586281 over the last 52 weeks, in comparison to a change of 0.3069358 over the same period for the S&P500. Over the past 52 weeks, RITM has reached a high of $12.02, while it has fallen to a 52-week low of $8.87. The 50-Day Moving Average of the stock is -7.44%, while the 200-Day Moving Average is calculated to be -4.35%.
Shares Statistics:
It appears that RITM traded 3.72M shares on average per day over the past three months and 7867350 shares per day over the past ten days. A total of 519.73M shares are outstanding, with a floating share count of 516.65M. Insiders hold about 0.59% of the company’s shares, while institutions hold 45.95% stake in the company. Shares short for RITM as of 1726185600 were 5501783 with a Short Ratio of 1.48, compared to 1723680000 on 5328344. Therefore, it implies a Short% of Shares Outstanding of 5501783 and a Short% of Float of 1.13.
Dividends & Splits
With its trailing 12-month dividend rate of 1.0, RITM has a forward annual dividend rate of 1.00. Against a Trailing Annual Dividend Yield of 0.09250694The stock’s 5-year Average Dividend Yield is 10.82. The current Payout Ratio is 90.81% for RITM, which recently paid a dividend on 2024-10-01 with an ex-dividend date of 1727740800. Stock splits for the company last occurred on 2014-10-20 when the company split stock in a 1:2 ratio.
