The stock price of Redfin Corp (NASDAQ: RDFN) has dropped by -6.56 compared to previous close of 7.39. Despite this, the company has seen a fall of -15.28% in its stock price over the last five trading days. foxbusiness.com reported 2024-07-25 that Redfin CEO Glenn Kelman pulled the curtain back on the U.S.’s ‘somewhat slow’ real estate market during an appearance on ‘Cavuto: Coast to Coast.’
Is It Worth Investing in Redfin Corp (NASDAQ: RDFN) Right Now?
The stock has a 36-month beta value of 2.65. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 2 as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for RDFN is 114.22M, and at present, short sellers hold a 17.87% of that float. On August 05, 2024, the average trading volume of RDFN was 4.58M shares.
RDFN’s Market Performance
RDFN stock saw an increase of -15.28% in the past week, with a monthly gain of 14.89% and a quarterly increase of 11.37%. The volatility ratio for the week is 7.39%, and the volatility levels for the last 30 days are 7.24% for Redfin Corp (RDFN). The simple moving average for the last 20 days is -9.87% for RDFN’s stock, with a simple moving average of -1.42% for the last 200 days.
Analysts’ Opinion of RDFN
Many brokerage firms have already submitted their reports for RDFN stocks, with Stephens repeating the rating for RDFN by listing it as a “Overweight.” The predicted price for RDFN in the upcoming period, according to Stephens is $9 based on the research report published on May 08, 2024 of the current year 2024.
Gordon Haskett, on the other hand, stated in their research note that they expect to see RDFN reach a price target of $5.50. The rating they have provided for RDFN stocks is “Underperform” according to the report published on February 29th, 2024.
B. Riley Securities gave a rating of “Neutral” to RDFN, setting the target price at $8 in the report published on December 08th of the previous year.
RDFN Trading at 1.82% 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 -52.51% of loss for the given period.
Volatility was left at 7.24%, however, over the last 30 days, the volatility rate increased by 7.39%, as shares surge +8.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.87% upper at present.
During the last 5 trading sessions, RDFN fell by -15.03%, which changed the moving average for the period of 200-days by +21.49% in comparison to the 20-day moving average, which settled at $7.69. In addition, Redfin Corp saw -33.09% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at RDFN starting from STEVENS ANNA, who sale 11,632 shares at the price of $6.96 back on May 21 ’24. After this action, STEVENS ANNA now owns 0 shares of Redfin Corp, valued at $80,990 using the latest closing price.
Kappus Anthony Ray, the Chief Legal Officer of Redfin Corp, sale 8,816 shares at $6.96 during a trade that took place back on May 21 ’24, which means that Kappus Anthony Ray is holding 15,477 shares at $61,385 based on the most recent closing price.
Stock Fundamentals for RDFN
Current profitability levels for the company are sitting at:
- -0.19 for the present operating margin
- 0.33 for the gross margin
The net margin for Redfin Corp stands at -0.14. The total capital return value is set at -0.24. Equity return is now at value -495.74, with -11.20 for asset returns.
Based on Redfin Corp (RDFN), the company’s capital structure generated 1.01 points at debt to capital in total, while cash flow to debt ratio is standing at -0.02. The debt to equity ratio resting at -162.05. The interest coverage ratio of the stock is -19.98.
Currently, EBITDA for the company is -131.09 million with net debt to EBITDA at -6.72. When we switch over and look at the enterprise to sales, we see a ratio of 1.71. The receivables turnover for the company is 18.02for trailing twelve months and the total asset turnover is 0.92.
Conclusion
To sum up, Redfin Corp (RDFN) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
