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As of close of business last night, Ready Capital Corp’s stock clocked out at $7.13, down -2.46% from its previous closing price of $7.31. In other words, the price has decreased by -$2.46 from its previous closing price. On the day, 2.23 million shares were traded. RC stock price reached its highest trading level at $7.315 during the session, while it also had its lowest trading level at $7.11.
Ratios:
To gain a deeper understanding of RC’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.68 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 108.15. 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:
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 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 1208107264 and an Enterprise Value of 10000033792. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.04 while its Price-to-Book (P/B) ratio in mrq is 0.55. Its current Enterprise Value per Revenue stands at 44.227.
Stock Price History:
The Beta on a monthly basis for RC is 1.44, which has changed by -0.28333336 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, RC has reached a high of $11.67, while it has fallen to a 52-week low of $7.23. The 50-Day Moving Average of the stock is -13.58%, while the 200-Day Moving Average is calculated to be -19.02%.
Shares Statistics:
It appears that RC traded 1.84M shares on average per day over the past three months and 1730060 shares per day over the past ten days. 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 57.83% stake in the company. Shares short for RC as of 1726185600 were 17685580 with a Short Ratio of 9.60, compared to 1723680000 on 13199084. Therefore, it implies a Short% of Shares Outstanding of 17685580 and a Short% of Float of 12.73.
Dividends & Splits
With its trailing 12-month dividend rate of 1.26, RC has a forward annual dividend rate of 1.15. Against a Trailing Annual Dividend Yield of 0.17236662The stock’s 5-year Average Dividend Yield is 12.59.
