Redfin Corporation (NASDAQ:RDFN) went up by 11.92% from its latest closing price compared to the recent 1-year high of $97.15. The company’s stock price has collected 4.48% of gains in the last five trading sessions. The Wall Street Journal reported on 02/19/21 that Redfin Agrees to Buy RentPath for $608 Million
Is It Worth Investing in Redfin Corporation (NASDAQ :RDFN) Right Now?
Plus, the 36-month beta value for RDFN is at 1.99. Opinions of the stock are interesting as 4 analysts out of 18 who provided ratings for Redfin Corporation declared the stock was a “buy,” while 0 rated the stock as “overweight,” 11 rated it as “hold,” and 1 as “sell.”
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The average price from analysts is $67.62, which is -$32.23 below the current price. RDFN currently public float of 96.97M and currently shorts hold a 6.71% ratio of that float. Today, the average trading volume of RDFN was 1.68M shares.
RDFN’s Market Performance
RDFN stocks went up by 4.48% for the week, with a monthly jump of 24.15% and a quarterly performance of 120.63%, while its annual performance rate touched 199.88%. The volatility ratio for the week stands at 7.20% while the volatility levels for the past 30 days are set at 6.04% for Redfin Corporation. The simple moving average for the period of the last 20 days is 17.31% for RDFN stocks with a simple moving average of 92.35% for the last 200 days.
Analysts’ Opinion of RDFN
Many brokerage firms have already submitted their reports for RDFN stocks, with Goldman repeating the rating for RDFN by listing it as a “Neutral.” The predicted price for RDFN in the upcoming period, according to Goldman is $78 based on the research report published on February 05th of the current year 2021.
DA Davidson, on the other hand, stated in their research note that they expect to see RDFN reach a price target of $70, previously predicting the price at $54. The rating they have provided for RDFN stocks is “Neutral” according to the report published on January 20th, 2021.
RDFN Trading at 27.53% 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 -0.58% of loss for the given period.
Volatility was left at 6.04%, however, over the last 30 days, the volatility rate increased by 7.20%, as shares surge +26.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +83.95% upper at present.
During the last 5 trading sessions, RDFN rose by +4.48%, which changed the moving average for the period of 200-days by +378.41% in comparison to the 20-day moving average, which settled at $83.34. In addition, Redfin Corporation saw 40.74% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at RDFN starting from MYLOD ROBERT J JR, who sale 119,200 shares at the price of $90.85 back on Feb 16. After this action, MYLOD ROBERT J JR now owns 0 shares of Redfin Corporation, valued at $10,829,151 using the latest closing price.
Frey Bridget, the Chief Technology Officer of Redfin Corporation, sale 4,000 shares at $76.94 during a trade that took place back on Feb 02, which means that Frey Bridget is holding 108,021 shares at $307,760 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 -27.90, with -14.30 for asset returns.
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 enterprise to sales, we see a ratio of 2.35, with the company’s debt to enterprise value settled at 0.12.