Healthy Upside Potential: Ready Capital Corp (RC)

With 3.04 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.15 million shares. The 52-week range on RC shows that it touched its highest point at $9.53 and its lowest point at $3.92 during that stretch. It currently has a 1-year price target of $5.05. With its current market cap of 704.19 million, RC has annualized dividend of $0.93 while the current yield stands at 22.40%. Beta for the stock currently stands at 1.51.

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 RC was down-trending over the past week, with a drop of -6.35%, but this was down by -7.40% over a month. Three-month performance dropped to -38.54% while six-month performance fell -42.56%. The stock lost -51.86% in the past year, while it has lost -39.44% so far this year. A look at the trailing 12-month EPS for RC yields -1.78 with Next year EPS estimates of 0.56. For the next quarter, that number is -0.04. This implies an EPS growth rate of 461.90% for this year and 41.54% for next year.

Float and Shares Shorts:

At present, 172.51 million RC shares are outstanding with a float of 168.14 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 RC since 2 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 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 $0.27955 being high and $0.25334 being low. For RC, this leads to a yearly average estimate of $0.27081.