Stock Performance Spotlight: Rithm Capital Corporation (RITM) Ends the Day at 10.95, Down by -1.35

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As of close of business last night, Rithm Capital Corporation’s stock clocked out at $10.95, down -1.35% from its previous closing price of $11.10. In other words, the price has decreased by -$1.35 from its previous closing price. On the day, 2.92 million shares were traded. RITM stock price reached its highest trading level at $11.11 during the session, while it also had its lowest trading level at $10.94.

Ratios:

To gain a deeper understanding of RITM’s stock, we examine 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:

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 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 5294084096 and an Enterprise Value of 35113402368. As of this moment, Rithm’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.31, and their Forward P/E ratio for the next fiscal year is 5.98. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.52. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.31 while its Price-to-Book (P/B) ratio in mrq is 0.90. Its current Enterprise Value per Revenue stands at 11.135.

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 -1.56%, while the 200-Day Moving Average is calculated to be 4.13%.

Shares Statistics:

It appears that RITM traded 2.79M shares on average per day over the past three months and 2647840 shares per day over the past ten days. A total of 483.23M shares are outstanding, with a floating share count of 480.45M. Insiders hold about 0.63% of the company’s shares, while institutions hold 49.66% stake in the company. Shares short for RITM as of 1715731200 were 6550989 with a Short Ratio of 2.09, compared to 1713139200 on 7532361. Therefore, it implies a Short% of Shares Outstanding of 6550989 and a Short% of Float of 1.3599999999999999.

Dividends & Splits

With its trailing 12-month dividend rate of 1.0, RITM has a forward annual dividend rate of 1.00. Against a Trailing Annual Dividend Yield of 0.09009009The stock’s 5-year Average Dividend Yield is 11.11.

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