Redwood Trust Inc. (NYSE: RWT) is 8.77% higher on its value in year-to-date trading and has touched a low of $5.45 and a high of $8.15 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The RWT stock was last observed hovering at around $7.99 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $8.06, the stock is 6.90% and 10.18% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.81 million and changing 0.88% at the moment leaves the stock 20.13% off its SMA200. RWT registered 4.68% gain for a year compared to 6-month gain of 27.73%.
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The stock witnessed a 12.73% loss in the last 1 month and extending the period to 3 months gives it a 24.19%, and is 2.81% up 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 2.32% over the week and 2.01% over the month.
Redwood Trust Inc. (RWT) has around 289 employees, a market worth around $1.07B and $842.43M in sales. Current P/E ratio is 49.78 and Fwd P/E is 10.87. Profit margin for the company is 2.93%. Distance from 52-week low is 47.75% and -1.04% from its 52-week high. The company has generated returns on investments over the last 12 months (0.17%).
Redwood Trust Inc. quarterly earnings per share for the current quarter are estimated at 0.14 with sales reaching $29.56M over the same period.The EPS is expected to grow by 663.98% this year, but quarterly earnings will post 18.70% year-over-year. Quarterly sales are estimated to shrink -8.90% in year-over-year returns.
272.0 institutions hold shares in Redwood Trust Inc. (RWT), with institutional investors hold 80.96% of the company’s shares. The shares outstanding are 131.49M, and float is at 130.60M with Short Float at 4.09%. Institutions hold 80.00% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 22.24 million shares valued at $144.35 million. The investor’s holdings represent 16.9048 of the RWT Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 14.46 million shares valued at $93.83 million to account for 10.9885 of the shares outstanding. The other top investors are WELLINGTON MANAGEMENT GROUP LLP which holds 13.67 million shares representing 10.3899 and valued at over $88.72 million, while STATE STREET CORP holds 3.8667 of the shares totaling 5.09 million with a market value of $33.02 million.
Redwood Trust Inc. (RWT) Insider Activity
The most recent transaction is an insider purchase by Carillo Brooke, the company’s Chief Financial Officer. SEC filings show that Carillo Brooke bought 15,000 shares of the company’s common stock on May 30 ’24 at a price of $6.25 per share for a total of $93720.0. Following the purchase, the insider now owns 56772.0 shares.
