Ready Capital Corp (NYSE: RC) Loss Of -3.25% Compared To 52-Week Low; YTD Fall -22.05% – What Should You Do Now?

Ready Capital Corp (NYSE:RC)’s traded shares stood at 2.53 million during the last session, with the company’s beta value hitting 1.44. At the close of trading, the stock’s price was $7.99, to imply a decrease of -3.50% or -$0.29 in intraday trading. The RC share’s 52-week high remains $11.97, putting it -49.81% down since that peak but still an impressive -3.25% since price per share fell to its 52-week low of $8.25. The company has a valuation of $1.35B, with an average of 1.43 million shares over the past 3 months.

Ready Capital Corp (NYSE:RC) trade information

After registering a -3.50% downside in the last session, Ready Capital Corp (RC) has traded red over the past five days. The stock hit a weekly high of 8.64, dropping -3.50% in its intraday price action. The 5-day price performance for the stock is -6.22%, and -9.31% over 30 days. With these gigs, the year-to-date price performance is -22.05%.

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Ready Capital Corp (RC) estimates and forecasts

Looking at statistics comparing Ready Capital Corp share performance against respective industry, we note that the company has outperformed competitors. Ready Capital Corp (RC) shares are -20.42% down over the last 6 months, with its year-to-date growth rate higher than industry average at -3.31% against -8.70%. The rating firms project that company’s revenue will grow 4.20% compared to the previous financial year.

Revenue forecast for the current quarter as set by 3 analysts is 59.35M. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 63.89M.Earnings reports from the last fiscal year show that sales brought in 93.73M and 87.54M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -36.70% before dropping -27.00% in the following quarter.

An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 4.07% for the past 5-year period. While 2024 is set for a -3.77% return in earnings, projections for the next 5 years are at 14.21% annually.

RC Dividends

Ready Capital Corp has its next earnings report out in June. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Ready Capital Corp has a forward dividend ratio of 0.96, with the share yield ticking at 12.02% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.