Meaningful negative changes in fundamentals have recently occurred for Redwood Trust Inc. (NYSE: RWT): significant quarterly sales deceleration occurred, the consensus estimate for December, 2023 decreased significantly, and the consensus estimate for December, 2024 decreased significantly.
Recent meaningful negative changes in investment behavior have impacted Redwood Trust Inc. (NYSE: RWT): negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution 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, RWT is expected to continue to be a Value Builder.
Redwood Trust has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Redwood Trust has a slightly positive Power Rating of 62 and a good Appreciation Score of 71, resulting in the Positive Value Trend Rating.
Recent Price Action
Redwood Trust Inc. (NYSE: RWT) stock suffered a large decline of -3.0% on 11/9/23. The stock closed at $6.51. The stock has risen 2.0% during the last week and has been strong relative to the market over the last nine months.
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