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Rithm Capital Corporation (NYSE: RITM) closed the day trading at $10.67 down -0.56% from the previous closing price of $10.73. In other words, the price has decreased by -$0.56 from its previous closing price. On the day, 1.07 million shares were traded. RITM stock price reached its highest trading level at $10.77 during the session, while it also had its lowest trading level at $10.65.
Ratios:
For a better understanding of RITM, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 4.41 whereas as Long-Term Debt/Eq ratio is at 4.15.
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:
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 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 5149040640 and an Enterprise Value of 34968358912. As of this moment, Rithm’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.13, and their Forward P/E ratio for the next fiscal year is 5.82. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.50. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.28 while its Price-to-Book (P/B) ratio in mrq is 0.88. Its current Enterprise Value per Revenue stands at 11.089.
Stock Price History:
Over the past 52 weeks, RITM has reached a high of $11.60, while it has fallen to a 52-week low of $8.87. The 50-Day Moving Average of the stock is -4.28%, while the 200-Day Moving Average is calculated to be 1.26%.
Shares Statistics:
Over the past 3-months, RITM traded about 2.84M shares per day on average, while over the past 10 days, RITM traded about 3102180 shares per day. A total of 483.23M shares are outstanding, with a floating share count of 480.54M. Insiders hold about 0.61% of the company’s shares, while institutions hold 49.69% stake in the company. Shares short for RITM as of 1718323200 were 6281915 with a Short Ratio of 2.21, compared to 1715731200 on 6550989. Therefore, it implies a Short% of Shares Outstanding of 6281915 and a Short% of Float of 1.3099999.
Dividends & Splits
RITM’s forward annual dividend rate is 1.25, up from 1.0 a year ago. Against a Trailing Annual Dividend Yield of 0.093196645The stock’s 5-year Average Dividend Yield is 11.05.
