Rithm Capital RITM
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Rithm Capital (RITM) Business Model and Operations Summary
Rithm Capital Corp. provides capital and services to the real estate and financial services sectors in the United States. Its investment portfolio comprises mortgage servicing related assets, residential securities and loans, and consumer loans. It qualifies as a real estate investment trust for federal income tax purposes. The company generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as New Residential Investment Corp. and changed its name to Rithm Capital Corp. in August 2022. Rithm Capital Corp. was incorporated in 2011 and is headquartered in New York, New York.
Key Insights
Rithm Capital (RITM) Core Market Data and Business Metrics
Latest Closing Price
$12.38Market Cap
$6.48 BillionAverage Daily Volume
4,562,380.2 Shares52-Week Range
$9.13-$12.59Price-Earnings Ratio
5.84Total Outstanding Shares
530.29 Million SharesCEO
Michael NierenbergTotal Employees
6,045Current Dividend
$0.25 Per Share QuarterlyIPO Date
May 2, 2013SIC Description
Real Estate Investment TrustsHeadquarters
799 Broadway, New York, NY, 10003