Additionally, the 36-month beta value for RDFN is 2.62. 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 116.45M and currently, short sellers hold a 17.71% ratio of that float. The average trading volume of RDFN on September 17, 2024 was 5.99M shares.
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RDFN) stock’s latest price update
Redfin Corp (NASDAQ: RDFN)’s stock price has soared by 3.08 in relation to previous closing price of 13.64. Nevertheless, the company has seen a gain of 29.94% in its stock price over the last five trading days. businesswire.com reported 2024-09-17 that SEATTLE–(BUSINESS WIRE)–(NASDAQ: RDFN) —U.S. home prices grew 0.5% in August on a seasonally adjusted basis, the largest month-over-month increase since April, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. On a year-over-year basis, home prices rose 6.7%, the lowest annual increase since January. Home prices continue to rise in part because there aren’t enough homes for sale. Housing supply is up 16.7% from a year ago, but is still down almo.
RDFN’s Market Performance
Redfin Corp (RDFN) has experienced a 29.94% rise in stock performance for the past week, with a 88.47% rise in the past month, and a 132.40% rise in the past quarter. The volatility ratio for the week is 11.34%, and the volatility levels for the past 30 days are at 11.38% for RDFN. The simple moving average for the past 20 days is 34.31% for RDFN’s stock, with a 86.41% simple moving average for the past 200 days.
Analysts’ Opinion of RDFN
Many brokerage firms have already submitted their reports for RDFN stocks, with B. Riley Securities repeating the rating for RDFN by listing it as a “Buy.” The predicted price for RDFN in the upcoming period, according to B. Riley Securities is $13 based on the research report published on September 03, 2024 of the current year 2024.
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 61.91% 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 -3.30% of loss for the given period.
Volatility was left at 11.38%, however, over the last 30 days, the volatility rate increased by 11.34%, as shares surge +61.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +121.09% upper at present.
During the last 5 trading sessions, RDFN rose by +30.78%, which changed the moving average for the period of 200-days by +93.57% in comparison to the 20-day moving average, which settled at $10.74. In addition, Redfin Corp saw 36.24% 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 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 2.58. 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.
