Rithm Capital Corporation (NYSE: RITM) is -0.75% lower on its value in year-to-date trading and has touched a low of $7.59 and a high of $11.33 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 $10.76 in the last trading session, with the day’s loss setting it -0.16%.
Currently trading at $10.60, the stock is -3.45% and -1.69% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.5 million and changing -1.49% at the moment leaves the stock 3.97% off its SMA200. RITM registered 34.52% gain for a year compared to 6-month gain of 12.05%.
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The stock witnessed a -4.93% loss in the last 1 month and extending the period to 3 months gives it a 0.19%, and is -2.39% 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 1.58% over the week and 1.65% over the month.
Rithm Capital Corporation (RITM) has around 6570 employees, a market worth around $5.12B and $3.79B in sales. Current P/E ratio is 9.62 and Fwd P/E is 5.81. Profit margin for the company is 14.04%. Distance from 52-week low is 39.75% and -6.44% from its 52-week high. The company has generated returns on investments over the last 12 months (1.71%).
The EPS is expected to shrink by -19.03% this year.
Rithm Capital Corporation (RITM) Top Institutional Holders
The shares outstanding are 483.23M, and float is at 480.56M with Short Float at 1.58%.
Rithm Capital Corporation (RITM) Insider Activity
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 ’23 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.
