RDFN has 36-month beta value of 2.66. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 2 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for RDFN is 116.34M, and currently, short sellers hold a 15.86% ratio of that float. The average trading volume of RDFN on September 03, 2024 was 5.24M shares.
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RDFN) stock’s latest price update
The stock of Redfin Corp (NASDAQ: RDFN) has increased by 8.11 when compared to last closing price of 9.34.Despite this, the company has seen a loss of -13.84% in its stock price over the last five trading days. fool.com reported 2024-09-03 that Redfin isn’t a profitable company right now, but that could change quickly in a better real estate environment.
RDFN’s Market Performance
Redfin Corp (RDFN) has seen a -13.84% fall in stock performance for the week, with a 36.64% gain in the past month and a 51.85% surge in the past quarter. The volatility ratio for the week is 8.46%, and the volatility levels for the past 30 days are at 9.43% for RDFN. The simple moving average for the past 20 days is 18.10% for RDFN’s stock, with a 37.76% simple moving average for the past 200 days.
Analysts’ Opinion of RDFN
Stephens, on the other hand, stated in their research note that they expect to see RDFN reach a price target of $9, previously predicting the price at $8. The rating they have provided for RDFN stocks is “Overweight” according to the report published on May 08th, 2024.
Gordon Haskett gave a rating of “Underperform” to RDFN, setting the target price at $5.50 in the report published on February 29th of the current year.
RDFN Trading at 31.66% 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 -14.39% of loss for the given period.
Volatility was left at 9.43%, however, over the last 30 days, the volatility rate increased by 8.46%, as shares surge +36.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +64.93% upper at present.
During the last 5 trading sessions, RDFN fell by -15.15%, which changed the moving average for the period of 200-days by +60.40% in comparison to the 20-day moving average, which settled at $8.68. In addition, Redfin Corp saw -2.15% 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 Frey Bridget, who sale 17,039 shares at the price of $10.00 back on Aug 23 ’24. After this action, Frey Bridget now owns 442,914 shares of Redfin Corp, valued at $170,390 using the latest closing price.
BRIDGET FREY, the Officer of Redfin Corp, proposed sale 17,039 shares at $10.00 during a trade that took place back on Aug 23 ’24, which means that BRIDGET FREY is holding shares at $170,390 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 -12.14.
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 2.07. The receivables turnover for the company is 13.34for trailing twelve months and the total asset turnover is 0.85.
Conclusion
To put it simply, Redfin Corp (RDFN) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others 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.
