Redwood Trust Inc (RWT) concluded trading on Wednesday at a closing price of $7.19, with 0.44 million shares of worth about $3.19 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 15.22% during that period and on November 27, 2024 the price saw a gain of about 0.98%. Currently the company’s common shares owned by public are about 131.49M shares, out of which, 130.63M shares are available for trading.
Stock saw a price change of 2.42% in past 5 days and over the past one month there was a price change of -5.52%. Year-to-date (YTD), RWT shares are showing a performance of -2.97% which increased to 3.60% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.45 but also hit the highest price of $8.15 during that period. The average intraday trading volume for Redwood Trust Inc shares is 812.12K. The stock is currently trading 0.45% above its 20-day simple moving average (SMA20), while that difference is down -3.25% for SMA50 and it goes to 5.74% higher than SMA200.
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Redwood Trust Inc (NYSE: RWT) currently have 131.49M outstanding shares and institutions hold larger chunk of about 80.88% of that.
The stock has a current market capitalization of $951.00M and its 3Y-monthly beta is at 1.61. PE ratio of stock for trailing 12 months is 13.28, while it has posted earnings per share of $0.54 in the same period. Its PEG reads 0.45 while making debt-to-equity ratio of 13.77. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for RWT, volatility over the week remained 1.71% while standing at 2.55% over the month.
Analysts are in expectations that Redwood Trust Inc (RWT) stock would likely to be making an EPS of 0.18 in the current quarter, while forecast for next quarter EPS is 0.18 and it is 0.85 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.15 which is 0.19 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 0.05 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 620.59% while it is estimated to increase by 37.43% in next year.
Coverage by UBS stated Redwood Trust Inc (RWT) stock as a Buy in their note to investors on December 06, 2023, suggesting a price target of $9 for the stock. On December 05, 2023, BTIG Research Upgrade their recommendations, while on June 15, 2023, Piper Sandler Downgrade their ratings for the stock with a price target of $7. Stock get an Outperform rating from Wedbush on October 05, 2022.
