Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $16.06 on Redwood Trust, Inc. (NYSE:RWT) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.36 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Redwood Trust, Inc. (NYSE:RWT) stands at 10.49.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Redwood Trust, Inc. Common Stoc, the PEG ratio for coming 3-5 years is 1.32.
The technical analysis highlights that Redwood Trust, Inc. Common Stoc current is trading $0.09 points away or +0.63% from its 50-day moving average of $14.30. Further it is trading $1.30 or +9.94% away its 200-day moving average of $13.09.
The 52-week high of Redwood Trust, Inc. (NYSE:RWT) was $15.24 while lowest point recorded in 52-week was $9.26. It implies if stock price makes a movement of over $-0.85, it will record a new 52-week high. In the case of +55.40% drop, it will touch a new 52-week low.
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