RC Stock Summary and Trading Ideas (Ready Capital | NYSE:RC)

Ready Capital Corp is a real estate finance company. It acquires, manages, originates, and finances small-balance commercial loans to purchase small multi-family, office, retail, mixed-use, or warehouse properties. The company's segments consist of LMM Commercial Real Estate and Small Business Lending. It generates the majority of its revenue from LMM Commercial Real Estate.

Ready Capital trades on the NYSE stock market under the symbol RC.

As of November 12, 2024, RC stock price declined to $7.19 with 1,125,159 million shares trading.

RC has a beta of 0.59, meaning it tends to be less sensitive to market movements. RC has a correlation of 0.09 to the broad based SPY ETF.

RC has a market cap of $1.21 billion. This is considered a Small Cap stock.

Last quarter Ready Capital reported $51 million in Revenue and -$.28 earnings per share. This fell short of revenue expectation by $-5 million and missed earnings estimates by -$.51.

In the last 3 years, RC traded as high as $16.56 and as low as $6.65.

The top ETF exchange traded funds that RC belongs to (by Net Assets): IJR, VTI, IWM, VXF, REM.

RC has underperformed the market in the last year with a return of -14.5%, while the SPY ETF gained +37.1%. In the last 3 month period, RC fell short of the market, returning -14.8%, while SPY returned +12.3%. However, in the most recent 2 weeks RC has outperformed the stock market by returning +4.1%, while SPY returned +2.8%.

RC support price is $7.25 and resistance is $7.51 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RC shares will trade within this expected range on the day.