Ready Capital Corp (NYSE:RC) shares, rose in value, with the stock price up by 3.61% to the previous day’s close as strong demand from buyers drove the stock to $4.45.
Actively observing the price movement in the recent trading, the stock is buoying the session at $4.29. Referring to stock’s 52-week performance, its high was $9.53, and the low was $3.92. On the whole, RC has fluctuated by -0.34% over the past month.
With the market capitalization of Ready Capital Corp currently standing at about $757.91 million, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.93, with its dividend yield at 20.81%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RC’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of RC currently trading nearly 2.48% and -2.45% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.58, while the 7-day volatility ratio is showing 1.55% which for the 30-day chart, stands at 2.55%. Furthermore, Ready Capital Corp (RC)’s beta value is 1.51, and its average true range (ATR) is 0.18.
A comparison of Ready Capital Corp (RC) with its peers suggests the former has fared considerably weaker in the market. RC showed an intraday change of 3.61% in today’s session so far, and over the past year, it shrunk by -46.77%%.
Data on historical trading for Ready Capital Corp (NYSE:RC) indicates that the trading volumes over the past 3 months, they’ve averaged 3.21 million. According to company’s latest data on outstanding shares, there are 172.51 million shares outstanding.
Nearly 1.39% of Ready Capital Corp’s shares belong to company insiders and institutional investors own 64.12% of the company’s shares. The stock has fallen by -34.82% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RC stock heading into the next quarter.
