Rithm Capital Corporation (NYSE:RITM) shares, rose in value, with the stock price down by -1.33% to the previous day’s close as strong demand from buyers drove the stock to $11.15.
Actively observing the price movement in the last trading, the stock closed the session at $11.30. The PE ratio was 9.30 over 12-month period. Referring to stock’s 52-week performance, its high was $12.19, and the low was $9.13. On the whole, RITM has fluctuated by 1.64% over the past month.
With the market capitalization of Rithm Capital Corporation currently standing at about $5.91 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.00, with its dividend yield at 8.97%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RITM’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 25% Sell.
The stock’s technical analysis shows that the PEG ratio is about 4.21, with the price of RITM currently trading nearly -1.73% and 1.05% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.65, while the 7-day volatility ratio is showing 1.22% which for the 30-day chart, stands at 1.34%. Furthermore, Rithm Capital Corporation (RITM)’s beta value is 1.27, and its average true range (ATR) is 0.25.
A comparison of Rithm Capital Corporation (RITM) with its peers suggests the former has fared considerably weaker in the market. RITM showed an intraday change of -1.33% in last session, and over the past year, it grew by 2.20%%.
Data on historical trading for Rithm Capital Corporation (NYSE:RITM) indicates that the trading volumes over the past 3 months, they’ve averaged 5.16 million. According to company’s latest data on outstanding shares, there are 530.12 million shares outstanding.
Nearly 0.57% of Rithm Capital Corporation’s shares belong to company insiders and institutional investors own 51.48% of the company’s shares. The stock has risen by 2.95% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RITM stock heading into the next quarter.
