Can Redwood Trust, Inc. (NYSE:RWT) Breach 52-week High Of $15.24?


The leading market experts have reached a mean price target of $16.44 on Redwood Trust, Inc. (NYSE:RWT) stock. This price level, which is projected to be accomplished in one-year, shows the mean of stock views specified by the firms included in the First Call analysis. The research firms have foreseen earnings of $0.38 a share for the future quarter and $1.35 for the current fiscal.

Technical View

The technical analysis of Redwood Trust, Inc. Common Stoc proves that the 50-day moving average of Redwood Trust, Inc. Common Stoc is $14.36, and stock is trading $-0.83 points away or -5.76% from 50-day moving average of $14.36. It is trading $-0.08 or -0.56% away 200-day moving average of $13.61. Redwood Trust, Inc. (NYSE:RWT) 52-week high is $15.24 and the low is $9.26 in same period. This explains if the equity moves $-1.71, it will mark a high for the year. In event of +46.11% decline, the low point will be hit.

Taking the valuation side to highlight Redwood Trust, Inc. Common Stoc position, shareholders can use financial tool identified as price-to-earnings ratio. This business ratio judges stock’s valuation by seeing the relative expense of the equity. Following this ratio, Redwood Trust, Inc. (NYSE:RWT) ratio came in at 9.86.

In core, the price-earnings ratio specifies the dollar amount a stockholder can expect to spend in a company in order to obtain one dollar of that firm’s earnings. It is why the P/E ratio is sometimes stated as the multiple because it displays how much investors are ready to pay per dollar of profits. If a company were now trading at a multiple of 30, the reading is that an investor is ready to pay $30 for $1 of present earnings.

The stock ended the last session at $13.53 and registered a market cap of $1.04B. To appraise firm’s overall growth, the shareholders take help of another ration, identified as Price-to-Earnings-Growth ratio. When equity displays a higher PEG ratio, it is indicative of poorer stock appreciation in imminent sessions. A equity comes in the undervalued stocks list when its PEG ratio is in between 0 and 1. Redwood Trust, Inc. (NYSE:RWT) PEG ratio is at 1.25.

1 Chart Pattern Every Investor Should Know

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