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The closing price of Ready Capital Corp (NYSE: RC) was $9.30 for the day, up 0.76% from the previous closing price of $9.23. In other words, the price has increased by $0.76 from its previous closing price. On the day, 1.95 million shares were traded. RC stock price reached its highest trading level at $9.425 during the session, while it also had its lowest trading level at $9.19.
Ratios:
Our analysis of RC’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.19 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.55. In the meantime, Its Debt-to-Equity ratio is 3.69 whereas as Long-Term Debt/Eq ratio is at 3.53.
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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 1573532032 and an Enterprise Value of 10591703040. As of this moment, Ready’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.84, and their Forward P/E ratio for the next fiscal year is 7.19. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.41. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.30 while its Price-to-Book (P/B) ratio in mrq is 0.69. Its current Enterprise Value per Revenue stands at 34.112.
Stock Price History:
The Beta on a monthly basis for RC is 1.46, which has changed by -0.20444822 over the last 52 weeks, in comparison to a change of 0.21656322 over the same period for the S&P500. Over the past 52 weeks, RC has reached a high of $11.83, while it has fallen to a 52-week low of $7.93. The 50-Day Moving Average of the stock is 8.88%, while the 200-Day Moving Average is calculated to be 0.25%.
Shares Statistics:
RC traded an average of 1.46M shares per day over the past three months and 1920670 shares per day over the past ten days. A total of 172.28M shares are outstanding, with a floating share count of 166.47M. Insiders hold about 0.97% of the company’s shares, while institutions hold 58.47% stake in the company. Shares short for RC as of 1719532800 were 12804733 with a Short Ratio of 8.76, compared to 1717113600 on 12187025. Therefore, it implies a Short% of Shares Outstanding of 12804733 and a Short% of Float of 9.15.
Dividends & Splits
With its trailing 12-month dividend rate of 1.36, RC has a forward annual dividend rate of 1.26. Against a Trailing Annual Dividend Yield of 0.14734562The stock’s 5-year Average Dividend Yield is 12.38.
