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

Rithm Capital Corporation (NYSE: RITM) is 5.34% higher on its value in year-to-date trading and has touched a low of $9.97 and a high of $12.02 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 RITM stock was last observed hovering at around $11.18 in the last trading session, with the day’s gains setting it 0.07%.

Currently trading at $11.25, the stock is 4.34% and 3.71% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.14 million and changing 0.63% at the moment leaves the stock 1.61% off its SMA200. RITM registered 9.22% gain for a year compared to 6-month loss of 0.36%. The firm has a 50-day simple moving average (SMA 50) of $10.8476 and a 200-day simple moving average (SMA200) of $11.0716.

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The stock witnessed a 4.26% gain in the last 1 month and extending the period to 3 months gives it a -5.78%, and is 4.26% 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 1.36% over the week and 1.48% over the month.

Rithm Capital Corporation (RITM) has around 6570 employees, a market worth around $5.88B and $5.03B in sales. Current P/E ratio is 11.40 and Fwd P/E is 5.90. Profit margin for the company is 9.62%. Distance from 52-week low is 12.84% and -6.41% from its 52-week high. The company has generated returns on investments over the last 12 months (1.29%).

The EPS is expected to shrink by -10.14% this year.

Rithm Capital Corporation (RITM) Top Institutional Holders

613.0 institutions hold shares in Rithm Capital Corporation (RITM), with institutional investors hold 52.37% of the company’s shares. The shares outstanding are 519.73M, and float is at 516.83M with Short Float at 1.19%. Institutions hold 52.15% of the Float.

The top institutional shareholder in the company is VANGUARD GROUP INC with over 45.7 million shares valued at $498.63 million. The investor’s holdings represent 9.456% of the RITM Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 26.88 million shares valued at $293.31 million to account for 5.5623 of the shares outstanding. The other top investors are BANK OF AMERICA CORP /DE/ which holds 11.24 million shares representing 2.3253% and valued at over $122.62 million, while STATE STREET CORP holds 1.7889 of the shares totaling 8.65 million with a market value of $94.33 million.