For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
After finishing at $6.93 in the prior trading day, Ready Capital Corp (NYSE: RC) closed at $5.07, down -26.84%. In other words, the price has decreased by -$26.84 from its previous closing price. On the day, 22.93 million shares were traded.
Ratios:
Our goal is to gain a better understanding of RC by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 4.14 whereas as Long-Term Debt/Eq ratio is at 4.14.
On January 07, 2025, B. Riley Securities Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $12 to $10.
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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.94 while its Price-to-Book (P/B) ratio in mrq is 0.48.
Stock Price History:
Over the past 52 weeks, RC has reached a high of $9.53, while it has fallen to a 52-week low of $6.39. The 50-Day Moving Average of the stock is -25.59%, while the 200-Day Moving Average is calculated to be -34.19%.
Shares Statistics:
A total of 168.53M shares are outstanding, with a floating share count of 166.33M. Insiders hold about 1.31% of the company’s shares, while institutions hold 62.22% stake in the company.
