Redwood Trust Inc (NYSE: RWT) is -14.09% lower on its value in year-to-date trading and has touched a low of $4.68 and a high of $7.95 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 $5.54 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $5.61, the stock is 0.46% and -1.17% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.78 million and changing 1.26% at the moment leaves the stock -14.34% off its SMA200. RWT registered -10.45% loss for a year compared to 6-month loss of -20.25%.
The stock witnessed a -4.59% gain in the last 1 month and extending the period to 3 months gives it a -12.34%, and is -2.77% 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 1.56% over the week and 1.81% over the month.
Redwood Trust Inc (RWT) has around 283 employees, a market worth around $746.79M and $1.05B in sales. Current P/E ratio is 26.45 and Fwd P/E is 6.80. Profit margin for the company is 2.67%. Distance from 52-week low is 19.87% and -29.47% from its 52-week high. The company has generated returns on investments over the last 12 months (0.16%).
with sales reaching $31M over the same period.The EPS is expected to grow by 103.70% this year, but quarterly earnings will post 29.25% year-over-year. Quarterly sales are estimated to grow 22.52% in year-over-year returns.
The shares outstanding are 133.01M, and float is at 131.23M with Short Float at 3.09%.
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 16.835 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 10.9432 of the shares outstanding. The other top investors are WELLINGTON MANAGEMENT GROUP LLP which holds 13.67 million shares representing 10.347 and valued at over $88.72 million, while STATE STREET CORP holds 3.8507 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 sale by Stone Andrew P, the company’s Chief Legal Officer. SEC filings show that Stone Andrew P sold 13,844 shares of the company’s common stock on Dec 23 ’24 at a price of $6.50 per share for a total of $89936.0. Following the sale, the insider now owns 0.15 million shares.
