Stocks of Rithm Capital Corporation (NYSE:RITM) traded higher last session on Wall Street, up 0.68% to $10.40.
RITM stock price is now -7.82% away from the 50-day moving average and -7.06% away from the 200-day moving average. The market capitalization of the company currently stands at $5.52B.
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 400,000 shares of the company’s stock on Mar 04 ’25. The stock was bought for $10,000,000 at an average price of $25.00. Upon completion of the transaction, the 10% Owner now directly owns 400,000 shares in the company, valued at $4.16 million. A total of 0.54% of the company’s stock is owned by insiders.
During the past 12 months, Rithm Capital Corporation has had a low of $9.13 and a high of $12.19. The fifty day moving average price for RITM is $11.2822 and a two-hundred day moving average price translates $11.19025 for the stock.
The latest earnings results from Rithm Capital Corporation (NYSE: RITM) was released for 2024-12-31. The net profit margin was 17.68% and return on equity was 12.59% for RITM. The company reported revenue of $1.64 billion for the quarter, compared to $512.58 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 220.09 percent. For the current quarter, analysts expect RITM to generate $1.22B in revenue.
