While Redwood Trust Inc. has underperformed by -2.02%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, RWT fell by -11.67%, with highs and lows ranging from $8.30 to $5.47, whereas the simple moving average fell by -15.81% in the last 200 days.
On April 11, 2024, Wedbush Downgraded Redwood Trust Inc. (NYSE: RWT) to Neutral. A report published by UBS on December 06, 2023, Initiated its previous ‘Buy’ rating for RWT. BTIG Research also Upgraded RWT shares as ‘Buy’, setting a target price of $8.50 on the company’s shares in a report dated December 05, 2023. Wedbush initiated its ‘Outperform’ rating for RWT, as published in its report on October 05, 2022. JP Morgan also rated the stock as ‘Overweight’.
Analysis of Redwood Trust Inc. (RWT)
With RWT’s current dividend of $0.64 per share, investors can expect to earn a return regardless of performance. Further, the quarter-over-quarter increase in sales is 11.55%, showing a positive trend in the upcoming months.
Redwood Trust Inc.’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -0.55% is sufficient for you to turn a profit off your investment.
The average volume for any stock is also a very valuable indicator of volatility, and RWT has an average volume of 1.58M. On a monthly basis, the volatility of the stock is set at 3.05%, whereas on a weekly basis, it is put at 2.90%, with a loss of -4.74% over the past seven days. Furthermore, long-term investors anticipate a median target price of $7.72, showing growth from the present price of $5.83, which can serve as yet another indication of whether RWT is worth investing in or should be passed over.
How Do You Analyze Redwood Trust Inc. Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.01%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 77.14% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
RWT shares are owned by institutional investors to the tune of 77.14% at present.
