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In the latest session, Rithm Capital Corporation (NYSE: RITM) closed at $10.94 down -3.61% from its previous closing price of $11.35. In other words, the price has decreased by -$3.61 from its previous closing price. On the day, 6.45 million shares were traded. RITM stock price reached its highest trading level at $11.12 during the session, while it also had its lowest trading level at $10.87.
Ratios:
For a deeper understanding of Rithm Capital Corporation’s stock, let’s take a closer look at its various 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 5685868032 and an Enterprise Value of 35887661056. As of this moment, Rithm’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.18, and their Forward P/E ratio for the next fiscal year is 5.84. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.65. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.38 while its Price-to-Book (P/B) ratio in mrq is 0.88. Its current Enterprise Value per Revenue stands at 11.446.
Stock Price History:
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 -4.69%, while the 200-Day Moving Average is calculated to be -1.10%.
Shares Statistics:
For the past three months, RITM has traded an average of 3.52M shares per day and 7199630 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 45.92% stake in the company. Shares short for RITM as of 1726185600 were 5501783 with a Short Ratio of 1.56, 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
According to the company, the forward annual dividend rate for RITM is 1.00, from 1.0 in the trailing year. Against a Trailing Annual Dividend Yield of 0.09009009The stock’s 5-year Average Dividend Yield is 10.82.
