Alert: Positive Investment/Fundamental Signals (12/1/23)-Rithm Capital Corp (NYSE: RITM)


Recent exceptional positive changes in investment behavior have benefitted Rithm Capital Corp (NYSE: RITM): its shorter term price trend turned up, and positive upside/downside volume developed.

Rithm Capital Corp (NYSE: RITM) has benefited from important positive changes in fundamentals: significant quarterly earnings acceleration occurred, and the consensus estimate for December, 2023 increased significantly.

In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, RITM is expected to continue to be a major Value Builder.

Rithm Capital has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects complementary signals from PTR’s two proprietary measures of a stock’s attractiveness. Rithm Capital has a slightly positive Appreciation Score of 68 and a very high Power Rating of 92, with the Highest Value Trend Rating the result.

Recent Price Action

Rithm Capital Corp (NYSE: RITM) stock closed at $10.56 on 12/1/23 after an increase of 1.7%. Trading volume in this advance was normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 3.6% during the last week.

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