Redfin Corp (NASDAQ: RDFN) started the day on Wednesday, with a price decrease of -6.92% at $6.05, before settling in for the price of $6.50 at the close. Taking a more long-term approach, RDFN posted a 52-week range of $4.26-$17.68.
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The Real Estate sector firm’s twelve-monthly sales growth has been 27.36% for the last half of the decade. Meanwhile, its Annual Earning per share during the time was -18.78%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -16.49%. This publicly-traded company’s shares outstanding now amounts to $117.37 million, simultaneously with a float of $114.18 million. The organization now has a market capitalization sitting at $721.40 million. At the time of writing, stock’s 50-day Moving Average stood at $6.92, while the 200-day Moving Average is $8.53.
Redfin Corp (RDFN) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Real Estate Services Industry. Redfin Corp’s current insider ownership accounts for 4.24%, in contrast to 61.27% institutional ownership. According to the most recent insider trade that took place on Mar 06 ’24, this organization’s Chief Executive Officer bought 30,500 shares at the rate of 6.41, making the entire transaction reach 195,593 in total value, affecting insider ownership by 1,458,448. Preceding that transaction, on Mar 01 ’24, Company’s Chief Growth Officer sold 7,916 for 6.90, making the whole transaction’s value amount to 54,592. This particular insider is now the holder of 52,117 in total.
Redfin Corp (RDFN) Earnings and Revenue Records
In the latest quarterly report released, which was put into the public domain on 12/30/2023, the organization reported -$0.2 earnings per share (EPS) for the three months, surpassing the consensus estimate (set at -$0.22) by $0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.26 per share during the current fiscal year.
Redfin Corp’s EPS decrease for this current 12-month fiscal period is -16.49% and is forecasted to reach -0.96 in the upcoming year.
Redfin Corp (NASDAQ: RDFN) Trading Performance Indicators
Let’s observe the current performance indicators for Redfin Corp (RDFN). The Stock has managed to achieve an average true range (ATR) of 0.45. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.66. Similarly, its price to free cash flow for trailing twelve months is now 17.03.
In the same vein, RDFN’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -1.17, a figure that is expected to reach -0.58 in the next quarter, and analysts are predicting that it will be -0.96 at the market close of one year from today.
Technical Analysis of Redfin Corp (RDFN)
If we take a close look at the recent performances of Redfin Corp (NASDAQ: RDFN), its last 5-days Average volume was 4.44 million that shows plunge from its year to date volume of 5.32 million. During the previous 9 days, stock’s Stochastic %D was recorded 38.51% While, its Average True Range was 0.44.
Raw Stochastic average of Redfin Corp (RDFN) in the period of the previous 100 days is set at 11.28%, which indicates a major fall in contrast to 20.79% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 59.44% that was lower than 77.38% volatility it exhibited in the past 100-days period.
