Is There More Upside Ahead For Ready Capital Corp (NYSE: RC)

Ready Capital Corp (RC) concluded trading on Thursday at a closing price of $5.05, with 3.07 million shares of worth about $15.49 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -36.56% during that period and on March 27, 2025 the price saw a gain of about 1.61%. Currently the company’s common shares owned by public are about 171.83M shares, out of which, 169.44M shares are available for trading.

Stock saw a price change of -0.59% in past 5 days and over the past one month there was a price change of -26.71%. Year-to-date (YTD), RC shares are showing a performance of -25.95% which decreased to -44.87% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.74 but also hit the highest price of $9.53 during that period. The average intraday trading volume for Ready Capital Corp shares is 2.66 million. The stock is currently trading -1.75% below its 20-day simple moving average (SMA20), while that difference is down -17.38% for SMA50 and it goes to -31.74% lower than SMA200.

Ready Capital Corp (NYSE: RC) currently have 171.83M outstanding shares and institutions hold larger chunk of about 62.68% of that.

The stock has a current market capitalization of $867.73M and its 3Y-monthly beta is at 1.28. It has posted earnings per share of -$2.69 in the same period. It has a debt-to-equity ratio of 4.16. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for RC, volatility over the week remained 2.73% while standing at 4.53% over the month.

Stock’s fiscal year EPS is expected to rise by 861.22% while it is estimated to increase by 9.36% in next year.

Coverage by B. Riley Securities stated Ready Capital Corp (RC) stock as a Neutral in their note to investors on January 07, 2025, suggesting a price target of $10 for the stock. Stock get an Underperform rating from Keefe Bruyette on March 04, 2024.

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