New Residential Investment Corp. (NYSE:NRZ) has a beta of 1.94. The stock’s Relative Strength Index (RSI) is 60.45, with weekly volatility at 4.28% and ATR at 0.39. The NRZ stock’s 52-week price range has touched low of $2.91 and a $15.83 high. Its shares traded higher over the last trading session, gaining 2.21% on 03/08/21. The shares fell to a low of $10.46 before closing at $10.63. Intraday shares traded counted 4.69 million, which was -0.55% lower than its 30-day average trading volume of 4.66M. NRZ’s previous close was $10.40 while the outstanding shares total 415.06M.
Investors have identified the REIT – Mortgage company New Residential Investment Corp. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $4.38 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Having a look at the company’s valuation, the company is expected to record 1.63 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on NRZ sounds very interesting.
Is the stock of NRZ attractive?
In related news, Director, Tyson Alan L. bought 10,000 shares of the company’s stock in a transaction that recorded on Jul 27. The purchase was performed at an average price of 7.72, for a total value of 77,184. As the purchase deal closes, the Director, Sloves Andrew now bought 3,600 shares of the company’s stock, valued at 26,252. Also, Director, LENEHAN PAMELA F bought 10,000 shares of the company’s stock in a deal that was recorded on Mar 19. The shares were cost at an average price of 5.53 per share, with a total market value of 55,310. Following this completion of disposal, the Director, Sloves Andrew now holds 10,000 shares of the company’s stock, valued at 60,273. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.20%.
13 out of 14 analysts covering the stock have rated it a Buy, while 0 have maintained a Hold recommendation on New Residential Investment Corp.. 0 analysts has assigned a Sell rating on the NRZ stock. The 12-month mean consensus price target for the company’s shares has been set at $11.54.