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Rithm Capital Corp. (RITM): Are the Stars Lining Up for Investors?

Rithm Capital Corp. (RITM) is priced at $9.27 after the most recent trading session. At the very opening of the session, the stock price was $9.08 and reached a high price of $9.20, prior to closing the session it reached the value of $9.17. The stock touched a low price of $9.065.Recently in News on January 18, 2023, Rithm Capital Corp. Announces Hire of Kenneth Bruce to Lead Investor Relations. Rithm Capital Corp. (NYSE:RITM, “Rithm Capital” or the “Company”) announced today that Kenneth (Ken) Bruce has joined the company as Managing Director; Investor Relations. In his role, Mr. Bruce will lead the team responsible for cultivating and maintaining relationships with investors, discussing strategy, financial performance and Rithm’s long-term value proposition. You can read further details here

Rithm Capital Corp. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $9.28 on 01/24/23, with the lowest value was $8.20 for the same time period, recorded on 01/03/23.

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Rithm Capital Corp. (RITM) full year performance was -14.38%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Rithm Capital Corp. shares are logging -21.15% during the 52-week period from high price, and 35.02% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $6.86 and $11.75.

The company’s shares, operating in the sector of Real Estate managed to top a trading volume set approximately around 1166642 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Rithm Capital Corp. (RITM) recorded performance in the market was 12.24%, having the revenues showcasing 20.98% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 4.27B, as it employees total of 7330 workers.

Specialists analysis on Rithm Capital Corp. (RITM)

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 8.48, with a change in the price was noted -0.28. In a similar fashion, Rithm Capital Corp. posted a movement of -2.92% for the period of last 100 days, recording 5,066,999 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for RITM is recording 4.16 at the time of this writing. In addition, long term Debt to Equity ratio is set at 1.78.

Trends and Technical analysis: Rithm Capital Corp. (RITM)

Raw Stochastic average of Rithm Capital Corp. in the period of last 50 days is set at 96.77%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 98.51%. In the last 20 days, the company’s Stochastic %K was 97.35% and its Stochastic %D was recorded 93.99%.

Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 12.24%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -10.01%, alongside a downfall of -14.38% for the period of the last 12 months. The shares increased approximately by 3.50% in the 7-day charts and went down by 9.17% in the period of the last 30 days. Common stock shares were driven by 20.98% during last recorded quarter.

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