B. Riley Securities raised the price target for the Red Violet Inc (NASDAQ:RDVT) stock to “a Buy”. The rating was released on March 26, 2024, according to finviz.
The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated 9.11% within the last five trades and 7.09% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -3.82% in the last 6 months and -3.25% was subtracted to its value over the previous 3 months. RDVT stock is trading at a margin of 8.67%, 7.69% and -0.50% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, RDVT deals in the Technology domain. The stock is trading -15.71 percent below its 52-week high and 29.21 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 8.3. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Red Violet Inc’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 4.16 percent and the profit margin is 22.47 percent, and the company has reported a gross margin of 64.42 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $274.17 million as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Red Violet Inc (NASDAQ:RDVT) is 20.81. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 25.58. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 4.55 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 3.19, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 31.85 percent of Red Violet Inc shares are owned by insiders, and 55.57 percent are held by financial institutions. LIVEK WILLIAM PAUL, the Director at Red Violet Inc (RDVT) has bought 4,898 shares of firm on Jan 12 ’24 at a price of $18.40 against the total amount of $90138.0. In another inside trade, LIVEK WILLIAM PAUL, Director of Red Violet Inc (NASDAQ:RDVT) bought 2 shares of the firm on Jan 11 ’24 for a total worth of $36.0 at a price of $18.10.
