Is There a Dimmer Outlook Ahead for Redfin Corporation (RDFN)?

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Redfin Corporation (NASDAQ:RDFN) went up by 1.80% from its latest closing price compared to the recent 1-year high of $56.31. The company’s stock price has collected -2.46% of loss in the last five trading sessions. Press Release reported 15 hours ago that New York’s Loss is Florida’s Gain: Redfin.Com Users Leaving Expensive States Picks Up With Pandemic

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Is It Worth Investing in Redfin Corporation (NASDAQ :RDFN) Right Now?

Opinions of the stock are interesting as 6 analysts out of 18 who provided ratings for Redfin Corporation declared the stock was a “buy,” while 0 rated the stock as “overweight,” 9 rated it as “hold,” and 2 as “sell.”

The average price from analysts is $45.86, which is -$0.04 below the current price. RDFN currently public float of 94.06M and currently shorts hold a 6.87% ratio of that float. Today, the average trading volume of RDFN was 1.42M shares.

RDFN’s Market Performance

RDFN stocks went down by -2.46% for the week, with a monthly drop of -11.46% and a quarterly performance of 2.49%, while its annual performance rate touched 142.64%. The volatility ratio for the week stands at 4.51% while the volatility levels for the past 30 days are set at 4.59% for Redfin Corporation. The simple moving average for the period of the last 20 days is -12.72% for RDFN stocks with a simple moving average of 31.06% for the last 200 days.

Analysts’ Opinion of RDFN

Many brokerage firms have already submitted their reports for RDFN stocks, with Piper Sandler repeating the rating for RDFN by listing it as a “Overweight.” The predicted price for RDFN in the upcoming period, according to Piper Sandler is $56 based on the research report published on September 25th of the current year 2020.

Compass Point, on the other hand, stated in their research note that they expect to see RDFN reach a price target of $36. The rating they have provided for RDFN stocks is “Neutral” according to the report published on August 03rd, 2020.

RDFN Trading at -9.70% from the 50-Day Moving Average

After a stumble in the market that brought RDFN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -21.79% of loss for the given period.

Volatility was left at 4.59%, however, over the last 30 days, the volatility rate increased by 4.51%, as shares sank -11.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.87% upper at present.

During the last 5 trading sessions, RDFN fell by -2.46%, which changed the moving average for the period of 200-days by +96.96% in comparison to the 20-day moving average, which settled at $50.16. In addition, Redfin Corporation saw 108.33% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at RDFN starting from Nielsen Christopher John, who sale 3,000 shares at the price of $48.92 back on Oct 19. After this action, Nielsen Christopher John now owns 18,461 shares of Redfin Corporation, valued at $146,760 using the latest closing price.

Frey Bridget, the Chief Technology Officer of Redfin Corporation, sale 5,000 shares at $50.29 during a trade that took place back on Oct 02, which means that Frey Bridget is holding 105,877 shares at $251,450 based on the most recent closing price.

Stock Fundamentals for RDFN

Current profitability levels for the company are sitting at:

  • -11.31 for the present operating margin
  • +18.48 for the gross margin

The net margin for Redfin Corporation stands at -10.36. The total capital return value is set at -16.98, while invested capital returns managed to touch -16.22. Equity return is now at value -21.30, with -11.00 for asset returns.

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Based on Redfin Corporation (RDFN), the company’s capital structure generated 65.39 points at debt to equity in total, while total debt to capital is 39.54. Total debt to assets is 36.35, with long-term debt to equity ratio resting at 54.18. Finally, the long-term debt to capital ratio is 32.76.

When we switch over and look at the enterrpise to sales, we see a ratio of 2.35, with the company’s debt to enterprise value settled at 0.12.

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