The stock of Redfin Corp (NASDAQ: RDFN) has increased by 3.20 when compared to last closing price of 9.99. Despite this, the company has experienced a -0.19% fall in its stock price over the last five trading sessions. businesswire.com reported 2024-10-24 that SEATTLE–(BUSINESS WIRE)–Redfin Corporation (NASDAQ: RDFN) will release third-quarter 2024 results after the stock market closes on Thursday, November 7, 2024. The company will host a live webcast of its conference call to discuss the results at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time. Participants may access the live webcast on Redfin’s Investor Relations website at http://investors.redfin.com. About Redfin Redfin (www.redfin.com) is a technology-powered real estate company. We help p.
Is It Worth Investing in Redfin Corp (NASDAQ: RDFN) Right Now?
The 36-month beta value for RDFN is also noteworthy at 2.68. 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.”
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The public float for RDFN is 116.45M, and at present, short sellers hold a 18.31% of that float. The average trading volume of RDFN on October 28, 2024 was 6.75M shares.
RDFN’s Market Performance
RDFN stock saw a decrease of -0.19% in the past week, with a monthly decline of -17.59% and a quarterly a decrease of 24.07%. The volatility ratio for the week is 6.68%, and the volatility levels for the last 30 days are 6.69% for Redfin Corp (RDFN). The simple moving average for the past 20 days is -4.02% for RDFN’s stock, with a 30.23% 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 -7.04% 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 -32.57% of loss for the given period.
Volatility was left at 6.69%, however, over the last 30 days, the volatility rate increased by 6.68%, as shares sank -17.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +38.81% upper at present.
During the last 5 trading sessions, RDFN rose by +0.24%, which changed the moving average for the period of 200-days by +15.18% in comparison to the 20-day moving average, which settled at $10.74. In addition, Redfin Corp saw -0.10% 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 2.09. The receivables turnover for the company is 13.34for trailing twelve months and the total asset turnover is 0.85.
Conclusion
In summary, Redfin Corp (RDFN) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
