Rithm Capital Corporation (NYSE: RITM) is 10.34% higher on its value in year-to-date trading and has touched a low of $10.38 and a high of $12.18 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 $12.15 in the last trading session, with the day’s loss setting it -0.2%.
Currently trading at $11.95, the stock is 0.66% and 4.83% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.73 million and changing -1.65% at the moment leaves the stock 6.73% off its SMA200. RITM registered 12.42% gain for a year compared to 6-month loss of 2.05%.
The stock witnessed a 3.37% gain in the last 1 month and extending the period to 3 months gives it a 7.37%, and is 0.76% 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 1.48% over the week and 1.40% over the month.
Rithm Capital Corporation (RITM) has around 6045 employees, a market worth around $6.22B and $4.72B in sales. Current P/E ratio is 7.16 and Fwd P/E is 5.75. Profit margin for the company is 17.68%. Distance from 52-week low is 15.13% and -1.89% from its 52-week high. The company has generated returns on investments over the last 12 months (2.06%).
with sales reaching $1.27B over the same period.The EPS is expected to shrink by -5.77% this year, but quarterly earnings will post 4.05% year-over-year. Quarterly sales are estimated to shrink -1.26% in year-over-year returns.
Rithm Capital Corporation (RITM) Top Institutional Holders
The shares outstanding are 520.66M, and float is at 517.84M with Short Float at 0.83%.
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.
Rithm Capital Corporation (RITM) Insider Activity
A total of 0 insider transactions have happened at Rithm Capital Corporation (RITM) in the last six months, with sales accounting for 0 and purchases happening 0 times.
Rithm Capital Corporation (RITM): Who are the competitors?
The company’s main competitors (and peers) include Annaly Capital Management Inc. (NLY) that is trading 13.12% up over the past 12 months. AGNC Investment Corp. (AGNC) that is 8.32% higher over the same period.
