Goldman has recently reduced Redfin Corp (RDFN) stock to Sell rating, as announced on November 18, 2024, according to Finviz. Earlier, on September 3, 2024, B. Riley Securities had raised the stock from a Neutral to Buy, setting a price target of $13 for RDFN stock. Stephens also raised rating with a price target of $9. Additionally, Gordon Haskett reduced Underperform rating on February 29, 2024, with a target price of $5.50. B. Riley Securities analysts, in their report published on December 8, 2023, also initiated Neutral rating for Redfin Corp’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Redfin Corp (RDFN) Stock Trading Recap
On Thursday, Redfin Corp (RDFN) stock saw a decline, ending the day at $8.55 which represents a decrease of $-0.09 or -1.04% from the prior close of $8.64. The stock opened at $8.62 and touched a low of $8.2 during the day, reaching a high of $8.69. The volume of shares traded was 7.06 million exceeding the average volume of 4.63 million.
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RDFN Stock Performance and Moving Averages
In recent trading, Redfin Corp (RDFN) stock price has shown some volatility, fluctuating 0.94% over the last five trades and 16.01% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 13.25%, and it has plunged by -13.20% in the previous three months. Currently, RDFN is trading at 4.96%, 2.09%, and -0.45% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, RDFN, a Real Estate sector stock, is trading -44.08% below its 52-week high but remains 67.65% above its 52-week low. The Average True Range (ATR) (14 days) of 0.51 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Redfin Corp’s Profitability and Valuation Ratios
Redfin Corp’s profitability metrics reveal financial health. The company currently boasts an operating margin of -16.12% and a profit margin of -14.97%, with a gross margin of 13.25%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Redfin Corp’s market capitalization stands at $1.06 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. Additionally, the Price-to-Sales Ratio is 1.04, reflecting the market’s valuation of the company’s sales.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 4.43% of Redfin Corp (RDFN)’s shares, while financial institutions hold 72.67%.
Notable insider trades include Taubman Christian John, Chief Growth Officer at Redfin Corp (RDFN), who sold 16333 shares on Dec 23 ’24, at $8.44 each, totaling $0.14 million. On Nov 25 ’24, Frey Bridget, Chief Technology Officer, sold 21454 shares for $10 each, amounting to $0.21 million. Additionally, on Aug 23 ’24, Frey Bridget sold 17039 shares at $10 each, generating $0.17 million.
