The price of Rithm Capital Corporation (NYSE:RITM) shares last traded on Wall Street fell -1.03% to $10.54.
RITM stock price is now -5.40% away from the 50-day moving average and -0.00% away from the 200-day moving average. The market capitalization of the company currently stands at $5.10B.
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With the price target of $12.50, UBS recently initiated with Buy rating for Rithm Capital Corporation (NYSE: RITM). On December 16, 2022, B. Riley Securities recently initiated its ‘Buy’ rating on the stock quoting a target price of $12, while ‘Piper Sandler’ rates the stock as ‘Neutral’
In other news, Rithm Capital Corp., 10% Owner bought 29,664,827 shares of the company’s stock on Nov 17 ’23. The stock was bought for $376,743,303 at an average price of $12.70. Upon completion of the transaction, the 10% Owner now directly owns 1,000 shares in the company, valued at $10540.0. A total of 0.61% of the company’s stock is owned by insiders.
During the past 12 months, Rithm Capital Corporation has had a low of $8.87 and a high of $11.60. According to the stock market information, the enterprise value for the company is $34915176448, which is based on a 7.04 price-to-earnings ratio, a 0.50 price-to-earnings-growth ratio, and a beta of 1.80. The fifty day moving average price for RITM is $11.1306 and a two-hundred day moving average price translates $10.5429 for the stock.
The latest earnings results from Rithm Capital Corporation (NYSE: RITM) was released for 2024-03-31. The net profit margin was 17.98% and return on equity was 11.61% for RITM. The company reported revenue of $1.06 billion for the quarter, compared to $732.29 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 44.87 percent.
