Redwood Trust Inc. (NYSE: RWT) stock closed at $6.18 on 5/1/24 after a major increase of 11.8%. Moreover, this advance was accompanied by exceptionally high trading volume at 226% of normal. The stock has risen 5.5% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
RWT’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Redwood Trust has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Redwood Trust has a good Appreciation Score of 83 but a very low Power Rating of 8, producing the Low Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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