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Ready Capital Corp (NYSE: RC) closed the day trading at $8.18 down -1.92% from the previous closing price of $8.34. In other words, the price has decreased by -$1.92 from its previous closing price. On the day, 1.97 million shares were traded. RC stock price reached its highest trading level at $8.4 during the session, while it also had its lowest trading level at $8.17.
Ratios:
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 5.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 124.08. In the meantime, Its Debt-to-Equity ratio is 3.78 whereas as Long-Term Debt/Eq ratio is at 3.64.
Keefe Bruyette Downgraded its Mkt Perform to Underperform on March 04, 2024, whereas the target price for the stock was revised from $10 to $8.
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 May 24 ’24 when NATHAN GILBERT E bought 10,000 shares for $8.29 per share. The transaction valued at 82,860 led to the insider holds 95,249 shares of the business.
NATHAN GILBERT E bought 7,000 shares of RC for $63,832 on Mar 22 ’24. The Director now owns 7,000 shares after completing the transaction at $9.12 per share. On Mar 22 ’24, another insider, NATHAN GILBERT E, who serves as the Director of the company, bought 2,150 shares for $9.13 each. As a result, the insider paid 19,629 and bolstered with 85,249 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RC now has a Market Capitalization of 1386019200 and an Enterprise Value of 10151829504. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.20 while its Price-to-Book (P/B) ratio in mrq is 0.63. Its current Enterprise Value per Revenue stands at 44.898.
Stock Price History:
Over the past 52 weeks, RC has reached a high of $11.67, while it has fallen to a 52-week low of $7.93. The 50-Day Moving Average of the stock is -6.15%, while the 200-Day Moving Average is calculated to be -10.47%.
Shares Statistics:
Over the past 3-months, RC traded about 1.56M shares per day on average, while over the past 10 days, RC traded about 1762480 shares per day. A total of 172.28M shares are outstanding, with a floating share count of 166.58M. Insiders hold about 0.97% of the company’s shares, while institutions hold 58.16% stake in the company. Shares short for RC as of 1723680000 were 13199084 with a Short Ratio of 8.47, compared to 1721001600 on 12268318. Therefore, it implies a Short% of Shares Outstanding of 13199084 and a Short% of Float of 9.5.
Dividends & Splits
RC’s forward annual dividend rate is 1.26, up from 1.26 a year ago. Against a Trailing Annual Dividend Yield of 0.15107913The stock’s 5-year Average Dividend Yield is 12.44.
Earnings Estimates
The market rating for Ready Capital Corp (RC) is a result of the insights provided by 8.0 analysts actively involved in the assessment.The consensus estimate for the next quarter is $0.26, with high estimates of $0.31 and low estimates of $0.1.
Analysts are recommending an EPS of between $1.15 and $0.53 for the fiscal current year, implying an average EPS of $0.9. EPS for the following year is $1.08, with 7.0 analysts recommending between $1.3 and $0.43.
Revenue Estimates
6 analysts predict $82.93M in revenue for the current quarter. It ranges from a high estimate of $147.9M to a low estimate of $47.4M. As of the current estimate, Ready Capital Corp’s year-ago sales were $87.54MFor the next quarter, 6 analysts are estimating revenue of $87.68M. There is a high estimate of $160.7M for the next quarter, whereas the lowest estimate is $48.3M.
A total of 6 analysts have provided revenue estimates for RC’s current fiscal year. The highest revenue estimate was $442.4M, while the lowest revenue estimate was $195.2M, resulting in an average revenue estimate of $286.04M. In the same quarter a year ago, actual revenue was $229.35MBased on 6 analysts’ estimates, the company’s revenue will be $398.72M in the next fiscal year. The high estimate is $831.1M and the low estimate is $220M.
