The stock price of Radian Group, Inc. (NYSE: RDN) has dropped by -0.44 compared to previous close of 34.37. Despite this, the company has seen a fall of -1.27% in its stock price over the last five trading days. prnewswire.com reported 2024-09-23 that The family-friendly meals were created with Jennifer Anderson, MSPH, RDN, and orders benefit Feeding America CHICAGO, Sept. 23, 2024 /PRNewswire/ — As families settle into a new school year and schedules get busier, Home Chef – the leading meal solutions company available both online and in stores – is partnering with Kids Eat in Color’s Jennifer Anderson, MSPH, RDN, on a limited-time menu of wholesome, delicious meals that bring ease and fun to family dinner.
Is It Worth Investing in Radian Group, Inc. (NYSE: RDN) Right Now?
Radian Group, Inc. (NYSE: RDN) has a higher price-to-earnings ratio of 8.90x compared to its average ratio, The 36-month beta value for RDN is at 1.04. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 5 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for RDN is 148.27M, and currently, shorts hold a 3.41% of that float. The average trading volume for RDN on October 04, 2024 was 887.05K shares.
RDN’s Market Performance
RDN’s stock has seen a -1.27% decrease for the week, with a -5.21% drop in the past month and a 10.07% gain in the past quarter. The volatility ratio for the week is 1.61%, and the volatility levels for the past 30 days are at 2.05% for Radian Group, Inc. The simple moving average for the past 20 days is -1.80% for RDN’s stock, with a 8.47% simple moving average for the past 200 days.
Analysts’ Opinion of RDN
Many brokerage firms have already submitted their reports for RDN stocks, with Keefe Bruyette repeating the rating for RDN by listing it as a “Outperform.” The predicted price for RDN in the upcoming period, according to Keefe Bruyette is $36 based on the research report published on June 03, 2024 of the current year 2024.
Keefe Bruyette, on the other hand, stated in their research note that they expect to see RDN reach a price target of $35, previously predicting the price at $36. The rating they have provided for RDN stocks is “Mkt Perform” according to the report published on April 04th, 2024.
Keefe Bruyette gave a rating of “Outperform” to RDN, setting the target price at $29 in the report published on December 13th of the previous year.
RDN Trading at -2.48% from the 50-Day Moving Average
After a stumble in the market that brought RDN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.61% of loss for the given period.
Volatility was left at 2.05%, however, over the last 30 days, the volatility rate increased by 1.61%, as shares sank -3.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.92% lower at present.
During the last 5 trading sessions, RDN fell by -1.27%, which changed the moving average for the period of 200-days by +22.00% in comparison to the 20-day moving average, which settled at $34.79. In addition, Radian Group, Inc. saw 19.86% 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 RDN starting from Brummer Derek, who sale 35,153 shares at the price of $35.36 back on Sep 05 ’24. After this action, Brummer Derek now owns 186,535 shares of Radian Group, Inc., valued at $1,242,985 using the latest closing price.
Brummer Derek, the Officer of Radian Group, Inc., proposed sale 35,153 shares at $35.36 during a trade that took place back on Sep 05 ’24, which means that Brummer Derek is holding shares at $1,242,985 based on the most recent closing price.
Stock Fundamentals for RDN
Current profitability levels for the company are sitting at:
- 0.63 for the present operating margin
- 0.56 for the gross margin
The net margin for Radian Group, Inc. stands at 0.72. The total capital return value is set at 0.09. Equity return is now at value 13.95, with 7.85 for asset returns.
Based on Radian Group, Inc. (RDN), the company’s capital structure generated 0.31 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09. The debt to equity ratio resting at 0.45. The interest coverage ratio of the stock is 6.01.
Currently, EBITDA for the company is 767.49 million with net debt to EBITDA at -23.24. When we switch over and look at the enterprise to sales, we see a ratio of 7.39. The receivables turnover for the company is 5.75for trailing twelve months and the total asset turnover is 0.12. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.94.
Conclusion
In conclusion, Radian Group, Inc. (RDN) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
