Redwood Trust Inc (NYSE: RWT) is -4.95% 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 $6.07 in the last trading session, with the day’s loss setting it -0.05%.
Currently trading at $6.02, the stock is 3.25% and 4.08% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.02 million and changing -0.82% at the moment leaves the stock -6.49% off its SMA200. RWT registered -7.81% loss for a year compared to 6-month loss of -7.95%. The firm has a 50-day simple moving average (SMA 50) of $5.7838 and a 200-day simple moving average (SMA200) of $6.4701.
The stock witnessed a 5.99% gain in the last 1 month and extending the period to 3 months gives it a 21.62%, and is -1.95% 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 1.97% over the week and 2.56% over the month.
Redwood Trust Inc (RWT) has around 283 employees, a market worth around $801.36M and $1.05B in sales. Current P/E ratio is 28.38 and Fwd P/E is 7.44. Profit margin for the company is 2.67%. Distance from 52-week low is 28.63% and -24.31% from its 52-week high. The company has generated returns on investments over the last 12 months (0.16%).
The EPS is expected to grow by 98.84% this year
293.0 institutions hold shares in Redwood Trust Inc (RWT), with institutional investors hold 79.24% of the company’s shares. The shares outstanding are 133.01M, and float is at 131.23M with Short Float at 3.12%. Institutions hold 78.20% 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 16.835 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.
