With 0.69 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.12 million shares. The 52-week range on RWT shows that it touched its highest point at $7.95 and its lowest point at $4.68 during that stretch. It currently has a 1-year price target of $7.28. With its current market cap of 783.27 million, RWT has annualized dividend of $0.69 while the current yield stands at 11.71%. Beta for the stock currently stands at 1.44.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RWT was down-trending over the past week, with a drop of -5.31%, but this was up by 10.09% over a month. Three-month performance dropped to -9.52% while six-month performance fell -18.44%. The stock lost -3.91% in the past year, while it has lost -9.80% so far this year. A look at the trailing 12-month EPS for RWT yields 0.21 with Next year EPS estimates of 0.83. For the next quarter, that number is 0.17. This implies an EPS growth rate of 105.19% for this year and 21.87% for next year. EPS is expected to grow by 35.57% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -26.10%.
Float and Shares Shorts:
At present, 133.00 million RWT shares are outstanding with a float of 131.16 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for RWT since 5 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.51491 being high and $0.48781 being low. For RWT, this leads to a yearly average estimate of $0.49684.
