Moreover, the 36-month beta value for RDFN is 2.66. Analysts have varying opinions on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 12 as “hold,” and 1 as “sell.”
The public float for RDFN is 118.56M and currently, short sellers hold a 18.27% of that float. On November 18, 2024, RDFN’s average trading volume was 7.22M shares.
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RDFN) stock’s latest price update
Redfin Corp (NASDAQ: RDFN)’s stock price has dropped by -3.52 in relation to previous closing price of 8.37. Nevertheless, the company has seen a loss of -18.02% in its stock price over the last five trading days. schaeffersresearch.com reported 2024-11-18 that Real estate stock Redfin Corp (NASDAQ:RDFN) is down 4.7% at $7.98 at last check, after a downgrade from Goldman Sachs to “sell” from “neutral.
RDFN’s Market Performance
RDFN’s stock has fallen by -18.02% in the past week, with a monthly drop of -28.09% and a quarterly drop of -11.46%. The volatility ratio for the week is 6.91% while the volatility levels for the last 30 days are 7.03% for Redfin Corp. The simple moving average for the past 20 days is -18.44% for RDFN’s stock, with a 0.59% simple moving average for the past 200 days.
Analysts’ Opinion of RDFN
B. Riley Securities, on the other hand, stated in their research note that they expect to see RDFN reach a price target of $13, previously predicting the price at $7.50. The rating they have provided for RDFN stocks is “Buy” according to the report published on September 03rd, 2024.
Stephens gave a rating of “Overweight” to RDFN, setting the target price at $9 in the report published on May 08th of the current year.
RDFN Trading at -27.06% 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 -47.19% of loss for the given period.
Volatility was left at 7.03%, however, over the last 30 days, the volatility rate increased by 6.91%, as shares sank -22.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -22.91% lower at present.
During the last 5 trading sessions, RDFN fell by -18.38%, which changed the moving average for the period of 200-days by -4.96% in comparison to the 20-day moving average, which settled at $9.90. In addition, Redfin Corp saw -21.75% 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
- 0.34 for the gross margin
The net margin for Redfin Corp stands at -0.15. The total capital return value is set at -0.2. Equity return is now at value -1476.50, with -13.29 for asset returns.
Based on Redfin Corp (RDFN), the company’s capital structure generated 1.09 points at debt to capital in total, while cash flow to debt ratio is standing at -0.16. The debt to equity ratio resting at -12.71. The interest coverage ratio of the stock is -7.01.
Currently, EBITDA for the company is -131.09 million with net debt to EBITDA at -7.65. When we switch over and look at the enterprise to sales, we see a ratio of 1.87. The receivables turnover for the company is 13.56for trailing twelve months and the total asset turnover is 0.88.
Conclusion
To wrap up, the performance of Redfin Corp (RDFN) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
