Stick With Rithm Capital Corporation (RITM). The Bull Are Alive And Well

Currently, there are 483.23M common shares owned by the public and among those 480.53M shares have been available to trade.

The company’s stock has a 5-day price change of -0.79% and 6.70% over the past three months. RITM shares are trading 5.90% year to date (YTD), with the 12-month market performance up to 37.59% higher. It has a 12-month low price of $7.80 and touched a high of $11.60 over the same period. RITM has an average intraday trading volume of 2.87 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.23%, 2.24%, and 8.86% respectively.

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Institutional ownership of Rithm Capital Corporation (NYSE: RITM) shares accounts for 49.63% of the company’s 483.23M shares outstanding.

It has a market capitalization of $5.47B and a beta (3y monthly) value of 1.77. The stock’s trailing 12-month PE ratio is 7.55, while the earnings-per-share (ttm) stands at $1.50. The company has a PEG of 0.53 and the debt-to-equity ratio at 4.41. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.17% over the week and 1.36% over the month.

Earnings per share for the fiscal year are expected to decrease by -15.34%, and 5.03% over the next financial year. EPS should grow at an annualized rate of 14.14% over the next five years, compared to -17.08% over the past 5-year period.

Looking at the support for the RITM, a number of firms have released research notes about the stock. UBS stated their Buy rating for the stock in a research note on December 06, 2023, with the firm’s price target at $12.50. B. Riley Securities coverage for the Rithm Capital Corporation (RITM) stock in a research note released on December 16, 2022 offered a Buy rating with a price target of $12.

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