Additionally, the 36-month beta value for RDFN is 2.67. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 2 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
The public float for RDFN is 116.33M and currently, short sellers hold a 16.86% ratio of that float. The average trading volume of RDFN on August 26, 2024 was 4.94M shares.
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RDFN) stock’s latest price update
Redfin Corp (NASDAQ: RDFN)’s stock price has soared by 0.19 in relation to previous closing price of 11.08. Nevertheless, the company has seen a gain of 26.72% in its stock price over the last five trading days. businesswire.com reported 2024-08-26 that SEATTLE–(BUSINESS WIRE)– #housingmarket–(NASDAQ: RDFN) — Pending sales of starter homes climbed 10.2% year over year in July to the highest level since October 2022, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. This shows that there may be signs of life for first-time homebuyers at the lower end of an otherwise sluggish market. Pending sales of middle-price homes (where the sales price was in the 35th-65th percentile of the market) fell 6.5% in July compar.
RDFN’s Market Performance
Redfin Corp (RDFN) has experienced a 26.72% rise in stock performance for the past week, with a 37.13% rise in the past month, and a 84.71% rise in the past quarter. The volatility ratio for the week is 14.30%, and the volatility levels for the past 30 days are at 9.14% for RDFN. The simple moving average for the past 20 days is 40.21% for RDFN’s stock, with a 54.01% simple moving average for the past 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 53.29% 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 -4.79% of loss for the given period.
Volatility was left at 9.14%, however, over the last 30 days, the volatility rate increased by 14.30%, as shares surge +38.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +75.27% upper at present.
During the last 5 trading sessions, RDFN rose by +29.05%, which changed the moving average for the period of 200-days by +90.64% in comparison to the 20-day moving average, which settled at $8.08. In addition, Redfin Corp saw 7.57% 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 BRIDGET FREY, who proposed sale 17,039 shares at the price of $10.00 back on Aug 23 ’24. After this action, BRIDGET FREY now owns shares of Redfin Corp, valued at $170,390 using the latest closing price.
Taubman Christian John, the Chief Growth Officer of Redfin Corp, sale 3,632 shares at $9.25 during a trade that took place back on Aug 21 ’24, which means that Taubman Christian John is holding 71,720 shares at $33,596 based on the most recent closing price.
Stock Fundamentals for RDFN
Current profitability levels for the company are sitting at:
- -0.16 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 -0.2. Equity return is now at value -744.57, with -10.99 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 0.01. The debt to equity ratio resting at -80.82. The interest coverage ratio of the stock is -116.34.
Currently, EBITDA for the company is -131.09 million with net debt to EBITDA at -6.93. When we switch over and look at the enterprise to sales, we see a ratio of 2.17. The receivables turnover for the company is 13.34for trailing twelve months and the total asset turnover is 0.85.
Conclusion
In conclusion, Redfin Corp (RDFN) 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.
