Redwood Trust Inc (NYSE: RWT) is -10.39% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RWT stock was last observed hovering at around $6.70 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $6.64, the stock is -5.80% and -8.19% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.24 million and changing -0.90% at the moment leaves the stock -3.19% off its SMA200. RWT registered -11.11% loss for a year compared to 6-month gain of 4.90%. The firm has a 50-day simple moving average (SMA 50) of $7.2324 and a 200-day simple moving average (SMA200) of $6.8587.
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The stock witnessed a -6.74% loss in the last 1 month and extending the period to 3 months gives it a -16.27%, and is -2.92% 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 3.37% over the week and 2.17% over the month.
Redwood Trust Inc (RWT) has around 289 employees, a market worth around $878.25M and $884.33M in sales. Current P/E ratio is 12.26 and Fwd P/E is 8.65. Profit margin for the company is 7.92%. Distance from 52-week low is 21.72% and -18.53% from its 52-week high. The company has generated returns on investments over the last 12 months (0.44%).
with sales reaching $29.7M over the same period.The EPS is expected to grow by 608.04% this year, but quarterly earnings will post 12.11% year-over-year. Quarterly sales are estimated to grow 48.52% in year-over-year returns.
286.0 institutions hold shares in Redwood Trust Inc (RWT), with institutional investors hold 82.27% of the company’s shares. The shares outstanding are 132.24M, and float is at 130.63M with Short Float at 3.14%. Institutions hold 81.29% 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.
