The stock of Red Violet Inc (RDVT) has seen a 18.76% increase in the past week, with a 9.64% gain in the past month, and a 16.10% flourish in the past quarter. The volatility ratio for the week is 4.34%, and the volatility levels for the past 30 days are at 3.22% for RDVT. The simple moving average for the past 20 days is 17.18% for RDVT’s stock, with a 6.95% simple moving average for the past 200 days.
Is It Worth Investing in Red Violet Inc (NASDAQ: RDVT) Right Now?
Red Violet Inc (NASDAQ: RDVT) has a price-to-earnings ratio of 20.31x that is above its average ratio. Additionally, the 36-month beta value for RDVT is 1.42. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for RDVT is 10.50M and currently, short sellers hold a 6.79% ratio of that float. The average trading volume of RDVT on May 10, 2024 was 48.18K shares.
RDVT) stock’s latest price update
Red Violet Inc (NASDAQ: RDVT) has experienced a rise in its stock price by 14.81 compared to its previous closing price of 18.03. However, the company has seen a gain of 18.76% in its stock price over the last five trading days. Seeking Alpha reported 2024-05-08 that Red Violet, Inc. (NASDAQ:RDVT ) Q1 2024 Earnings Conference Call May 8, 2024 4:30 PM ET Company Participants Camilo Ramirez – Vice President of Finance & Investor Relations Derek Dubner – Chairman & Chief Executive Officer Dan MacLachlan – Chief Financial Officer Conference Call Participants Josh Nichols – B. Riley Operator Good day, ladies and gentlemen and welcome to Red Violet’s First Quarter 2024 Earnings Conference Call.
Analysts’ Opinion of RDVT
Many brokerage firms have already submitted their reports for RDVT stocks, with B. Riley Securities repeating the rating for RDVT by listing it as a “Buy.” The predicted price for RDVT in the upcoming period, according to B. Riley Securities is $25 based on the research report published on March 26, 2024 of the current year 2024.
RDVT Trading at 13.49% from the 50-Day Moving Average
After a stumble in the market that brought RDVT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.16% of loss for the given period.
Volatility was left at 3.22%, however, over the last 30 days, the volatility rate increased by 4.34%, as shares surge +8.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.10% upper at present.
During the last 5 trading sessions, RDVT rose by +18.76%, which changed the moving average for the period of 200-days by -1.10% in comparison to the 20-day moving average, which settled at $17.75. In addition, Red Violet Inc saw 3.66% 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 RDVT starting from LIVEK WILLIAM PAUL, who purchase 4,898 shares at the price of $18.40 back on Jan 12 ’24. After this action, LIVEK WILLIAM PAUL now owns 9,148 shares of Red Violet Inc, valued at $90,138 using the latest closing price.
LIVEK WILLIAM PAUL, the Director of Red Violet Inc, purchase 2 shares at $18.10 during a trade that took place back on Jan 11 ’24, which means that LIVEK WILLIAM PAUL is holding 9,150 shares at $36 based on the most recent closing price.
Stock Fundamentals for RDVT
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.78 for the gross margin
The net margin for Red Violet Inc stands at 0.22. The total capital return value is set at 0.03. Equity return is now at value 18.56, with 16.94 for asset returns.
Based on Red Violet Inc (RDVT), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at 5.87.
Currently, EBITDA for the company is 10.86 million with net debt to EBITDA at -2.71. When we switch over and look at the enterprise to sales, we see a ratio of 4.23. The receivables turnover for the company is 8.44for trailing twelve months and the total asset turnover is 0.65. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.98.
Conclusion
In conclusion, Red Violet Inc (RDVT) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
