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As of close of business last night, Ready Capital Corp’s stock clocked out at $6.96, down -0.85% from its previous closing price of $7.02. In other words, the price has decreased by -$0.85 from its previous closing price. On the day, 1.23 million shares were traded. RC stock price reached its highest trading level at $7.05 during the session, while it also had its lowest trading level at $6.93.
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 4.57 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 105.57. 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 1179302400 and an Enterprise Value of 9971437568. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.02 while its Price-to-Book (P/B) ratio in mrq is 0.54. Its current Enterprise Value per Revenue stands at 44.1.
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 $6.99. The 50-Day Moving Average of the stock is -10.96%, while the 200-Day Moving Average is calculated to be -19.09%.
Shares Statistics:
It appears that RC traded 1.80M shares on average per day over the past three months and 1353270 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 57.63% stake in the company. Shares short for RC as of 1727654400 were 19907144 with a Short Ratio of 11.08, compared to 1724976000 on 17287855. Therefore, it implies a Short% of Shares Outstanding of 19907144 and a Short% of Float of 14.330000000000002.
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 0.17948718The stock’s 5-year Average Dividend Yield is 12.59.
