Redwood Trust Inc. (NYSE:RWT) shares fell to a low of $10.67 before closing at $10.73. Intraday shares traded counted 1.43 million, which was -28.56% lower than its 30-day average trading volume of 1.11M. RWT’s previous close was $11.00 while the outstanding shares total 113.89M. The firm has a beta of 1.00. The stock’s Relative Strength Index (RSI) is 49.78, with weekly volatility at 3.09% and ATR at 0.28. The RWT stock’s 52-week price range has touched low of $3.30 and a $11.46 high. The stock traded lower over the last trading session, losing -2.45% on 05/11/21.
Investors have identified the REIT – Mortgage company Redwood Trust Inc. 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 $1.20 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 1.11 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 RWT sounds very interesting.
Is the stock of RWT attractive?
In related news, Director, PROCTOR GEORGANNE sold 8,645 shares of the company’s stock in a transaction that recorded on Mar 03. The sale was performed at an average price of 10.04, for a total value of 86,796. As the sale deal closes, the Director, Byerwalter Mariann H now sold 5,778 shares of the company’s stock, valued at 26,136. Also, Director, Matera Fred bought 13,000 shares of the company’s stock in a deal that was recorded on May 15. The shares were price at an average price of 3.80 per share, with a total market value of 49,347. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.40%.
6 out of 7 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on Redwood Trust Inc.. 0 analysts has assigned a Sell rating on the RWT stock. The 12-month mean consensus price target for the company’s shares has been set at $12.71.