Stocks of Rithm Capital Corporation (NYSE:RITM) traded higher last session on Wall Street, up 5.61% to $10.36.
RITM stock price is now -10.63% away from the 50-day moving average and -7.71% away from the 200-day moving average. The market capitalization of the company currently stands at $5.39B.
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 $4.14 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 $9.63 and a high of $12.19. According to the stock market information, the enterprise value for the company is $38415196160, which is based on a 6.21 price-to-earnings ratio, a 17.75 price-to-earnings-growth ratio, and a beta of 1.32. The fifty day moving average price for RITM is $11.5922 and a two-hundred day moving average price translates $11.22565 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.
