Beyond market averages, investors seeking exceptional growth focus on the art of stock selection. The right picks can significantly contribute to the expansion of your wealth.
In the latest session, Ready Capital Corp (NYSE: RC) closed at $6.70 up 0.60% from its previous closing price of $6.66. In other words, the price has increased by $0.60 from its previous closing price. On the day, 1.75 million shares were traded. RC stock price reached its highest trading level at $6.78 during the session, while it also had its lowest trading level at $6.655.
Ratios:
For a deeper understanding of Ready Capital Corp’s stock, let’s take a closer look at its various ratios. In the meantime, Its Debt-to-Equity ratio is 3.62 whereas as Long-Term Debt/Eq ratio is at 2.78.
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 the company, B. Riley Securities on January 07, 2025, Downgraded its rating to Neutral and sets its target price to $10 from $12 previously.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 1096642560 and an Enterprise Value of 9348282368. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.11 while its Price-to-Book (P/B) ratio in mrq is 0.53. Its current Enterprise Value per Revenue stands at 72.224.
Stock Price History:
The Beta on a monthly basis for RC is 1.47, which has changed by -0.27371866 over the last 52 weeks, in comparison to a change of 0.21794415 over the same period for the S&P500. Over the past 52 weeks, RC has reached a high of $9.94, while it has fallen to a 52-week low of $6.45. The 50-Day Moving Average of the stock is -5.60%, while the 200-Day Moving Average is calculated to be -15.30%.
Shares Statistics:
For the past three months, RC has traded an average of 1.87M shares per day and 1842540 over the past ten days. A total of 168.53M shares are outstanding, with a floating share count of 166.90M. Insiders hold about 0.97% of the company’s shares, while institutions hold 60.74% stake in the company. Shares short for RC as of 1736899200 were 22241700 with a Short Ratio of 11.87, compared to 1734048000 on 20727977. Therefore, it implies a Short% of Shares Outstanding of 22241700 and a Short% of Float of 16.66.
Dividends & Splits
According to the company, the forward annual dividend rate for RC is 1.10, from 1.15 in the trailing year. Against a Trailing Annual Dividend Yield of 0.17267267The stock’s 5-year Average Dividend Yield is 12.89.
