While Ready Capital Corp has overperformed by 0.85%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, RC fell by -29.80%, with highs and lows ranging from $11.67 to $7.05, whereas the simple moving average fell by -17.98% in the last 200 days.
On July 19, 2024, BTIG Research started tracking Ready Capital Corp (NYSE: RC) recommending Neutral. A report published by Ladenburg Thalmann on May 10, 2024, Downgraded its rating to ‘Neutral’ for RC. Keefe Bruyette also Downgraded RC shares as ‘Underperform’, setting a target price of $8 on the company’s shares in a report dated March 04, 2024. UBS initiated its ‘Neutral’ rating for RC, as published in its report on December 06, 2023. BTIG Research’s report from October 23, 2023 suggests a price prediction of $12 for RC shares, giving the stock a ‘Buy’ rating. Wedbush also rated the stock as ‘Neutral’.
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Analysis of Ready Capital Corp (RC)
The current dividend for RC investors is set at $1.15 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter decrease in sales is -16.79%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Ready Capital Corp’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -1.83% is sufficient for you to turn a profit off your investment.
As an indicator of volatility for any stock, average volume can also be very valuable, and RC is recording an average volume of 1.87M. On a monthly basis, the volatility of the stock is set at 2.59%, whereas on a weekly basis, it is put at 2.36%, with a loss of -2.98% over the past seven days. Furthermore, long-term investors anticipate a median target price of $9.00, showing growth from the present price of $7.16, which can serve as yet another indication of whether RC is worth investing in or should be passed over.
How Do You Analyze Ready Capital Corp Shares?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.97%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 57.83% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
RC shares are owned by institutional investors to the tune of 57.83% at present.
