In yesterday’s Wall Street session, Redwood Trust Inc (NYSE:RWT) shares traded at $6.62, up 2.00% from the previous session.
RWT stock price is now -7.82% away from the 50-day moving average and -3.58% away from the 200-day moving average. The market capitalization of the company currently stands at $875.60M.
With the price target reduced from $8 to $7, JP Morgan Downgraded its rating from Overweight to Neutral for Redwood Trust Inc (NYSE: RWT). , while ‘UBS’ rates the stock as ‘Buy’
In other news, Stone Andrew P, Officer bought 13,844 shares of the company’s stock on Dec 23 ’24. The stock was bought for $92,000 at an average price of $6.65. An SEC document containing details of the transaction can be found on the SEC’s website. On May 30 ’24, Chief Financial Officer Carillo Brooke bought 15,000 shares of the business’s stock. A total of $93,720 was incurred on buying the stock at an average price of $6.25. This leaves the insider owning 56,772 shares of the company worth $0.38 million. A total of 1.24% of the company’s stock is owned by insiders.
During the past 12 months, Redwood Trust Inc has had a low of $5.45 and a high of $8.15. According to the stock market information, the enterprise value for the company is $17343131648, which is based on a 12.23 price-to-earnings ratio, a 0.41 price-to-earnings-growth ratio, and a beta of 1.62. The fifty day moving average price for RWT is $7.2006 and a two-hundred day moving average price translates $6.8639 for the stock.
The latest earnings results from Redwood Trust Inc (NYSE: RWT) was released for 2024-09-30. The net profit margin was 7.92% and return on equity was 6.64% for RWT.
