The stock price of Redfin Corp (NASDAQ: RDFN) has plunged by -0.05 when compared to previous closing price of 7.80, but the company has seen a 5.78% gain in its stock price over the last five trading sessions. businesswire.com reported 2025-01-22 that SEATTLE–(BUSINESS WIRE)– #housingmarket–(NASDAQ: RDFN) — Renters need to earn $63,680 to afford the median asking rent for a U.S. apartment ($1,592), the lowest amount needed since March 2022, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That’s down 0.4% from a year ago and a drop of 6.4% from August 2022 when the median asking rent hit an all-time high of $1,700. Back then, a renter would have had to earn $68,000 to afford the typical apartment—nearly $5,.
Is It Worth Investing in Redfin Corp (NASDAQ: RDFN) Right Now?
RDFN has 36-month beta value of 2.65. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 11 as “hold,” and 1 as “sell.”
The public float for RDFN is 118.60M, and currently, short sellers hold a 13.97% ratio of that float. The average trading volume of RDFN on January 22, 2025 was 5.02M shares.
RDFN’s Market Performance
RDFN’s stock has seen a 5.78% increase for the week, with a -2.55% drop in the past month and a -30.58% fall in the past quarter. The volatility ratio for the week is 4.75%, and the volatility levels for the past 30 days are at 5.54% for Redfin Corp The simple moving average for the last 20 days is -1.03% for RDFN stock, with a simple moving average of -7.02% for the last 200 days.
Analysts’ Opinion of RDFN
Many brokerage firms have already submitted their reports for RDFN stocks, with Goldman repeating the rating for RDFN by listing it as a “Sell.” The predicted price for RDFN in the upcoming period, according to Goldman is $6.50 based on the research report published on November 18, 2024 of the previous year 2024.
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 previous year.
RDFN Trading at -9.95% 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 -49.01% of loss for the given period.
Volatility was left at 5.54%, however, over the last 30 days, the volatility rate increased by 4.75%, as shares sank -3.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -27.47% lower at present.
During the last 5 trading sessions, RDFN rose by +5.70%, which changed the moving average for the period of 200-days by +26.87% in comparison to the 20-day moving average, which settled at $7.88. In addition, Redfin Corp saw -0.94% 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 Taubman Christian John, who sale 16,333 shares at the price of $8.44 back on Dec 23 ’24. After this action, Taubman Christian John now owns 73,466 shares of Redfin Corp, valued at $137,837 using the latest closing price.
CHRISTIAN TAUBMAN, the Officer of Redfin Corp, proposed sale 16,333 shares at $8.44 during a trade that took place back on Dec 23 ’24, which means that CHRISTIAN TAUBMAN is holding shares at $137,836 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 1.02 points at debt to capital in total, while cash flow to debt ratio is standing at -0.13. The debt to equity ratio resting at -42.07. The interest coverage ratio of the stock is -7.01.
Currently, EBITDA for the company is -53.04 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 1.83. The receivables turnover for the company is 13.56for trailing twelve months and the total asset turnover is 0.88.
Conclusion
To put it simply, Redfin Corp (RDFN) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
