Rithm Capital Corporation (RITM) Stock Could Soon Reward Patient Investors

Rithm Capital Corporation (NYSE: RITM) is -4.40% lower on its value in year-to-date trading and has touched a low of $7.40 and a high of $11.15 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RITM stock was last observed hovering at around $5.58M in the last trading session, with the day’s gains setting it 4.54%.

Currently trading at $10.12, the stock is 34.88% and 154.41% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.64 and changing 10.21% at the moment leaves the stock Feb 07 BMO off its SMA200. RITM registered 7.14% gain for a year compared to 6-month gain of 0.69%.

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.

The stock witnessed a -3.41% loss in the last 1 month and extending the period to 3 months gives it a 3.55%, and is -3.31% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.91% over the week and 1.85% over the month.

Rithm Capital Corporation (RITM) has around Dec 28 2023 employees, a market worth around $4.93B and $3.15B in sales. Current P/E ratio is 9.27 and Fwd P/E is 5.98. Profit margin for the company is 16.90%. Distance from 52-week low is 37.97% and -8.43% from its 52-week high. The company has generated returns on investments over the last 12 months (2.89%).

Rithm Capital Corporation quarterly earnings per share for the current quarter are estimated at $0.38 with sales reaching $448.67M over the same period.The EPS is expected to shrink by -20.83% this year, but quarterly earnings will post 8.70% year-over-year. Quarterly sales are estimated to grow 29.40% in year-over-year returns.

Rithm Capital Corporation (RITM) Top Institutional Holders

543 institutions hold shares in Rithm Capital Corporation (RITM), with institutional investors hold 47.43% of the company’s shares. The shares outstanding are 483.23M, and float is at 480.63M with Short Float at 1.16%. Institutions hold 47.11% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 45.76 million shares valued at $467.23 million. The investor’s holdings represent 9.47% of the RITM Shares outstanding. As of Sep 29, 2023, the second largest holder is Blackrock Inc. with 26.56 million shares valued at $271.21 million to account for 5.50% of the shares outstanding. The other top investors are Geode Capital Management, LLC which holds 9.51 million shares representing 1.97% and valued at over $97.09 million, while Michigan (State Of) Teachers Retirement System holds 1.74% of the shares totaling 8.4 million with a market value of $85.81 million.

Rithm Capital Corporation (RITM) Insider Activity

A total of 4 insider transactions have happened at Rithm Capital Corporation (RITM) in the last six months, with sales accounting for 1 and purchases happening 3 times. The most recent transaction is an insider purchase by Rithm Capital Corp. ,the company’s10% Owner. SEC filings show that Rithm Capital Corp. bought 29,664,827 shares of the company’s common stock on Nov 17 at a price of $12.70 per share for a total of $376.74 million. Following the purchase, the insider now owns 1000.0 shares.

Rithm Capital Corporation (RITM): Who are the competitors?

The company’s main competitors (and peers) include Annaly Capital Management Inc. (NLY) that is trading -13.73% down over the past 12 months. AGNC Investment Corp. (AGNC) that is -17.48% lower over the same period.