A new trading day began on Tuesday, with Rapid7 Inc (NASDAQ: RPD) stock price down -2.74% from the previous day of trading, before settling in for the closing price of $34.70. RPD’s price has ranged from $32.94 to $61.88 over the past 52 weeks.
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A company in the Technology sector has jumped its sales by 26.28% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 43.17%. With a float of $60.34 million, this company’s outstanding shares have now reached $61.71 million.
In an organization with 2228 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 69.98%, operating margin of 1.52%, and the pretax margin is -4.73%.
Rapid7 Inc (RPD) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Infrastructure Industry. The insider ownership of Rapid7 Inc is 3.81%, while institutional ownership is 100.46%. The most recent insider transaction that took place on Jun 05 ’24, was worth 1,214,930. In this transaction Chief People Officer of this company sold 33,795 shares at a rate of $35.95, taking the stock ownership to the 92,487 shares. Before that another transaction happened on Apr 08 ’24, when Company’s Chief Operating Officer sold 20,653 for $48.73, making the entire transaction worth $1,006,336. This insider now owns 236,841 shares in total.
Rapid7 Inc (RPD) Performance Highlights and Predictions
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.5 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.53 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 43.17% per share during the next fiscal year.
Rapid7 Inc (NASDAQ: RPD) Trading Performance Indicators
Here are Rapid7 Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.08. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.59. Likewise, its price to free cash flow for the trailing twelve months is 16.35.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.84, a number that is poised to hit 0.52 in the next quarter and is forecasted to reach 2.34 in one year’s time.
Technical Analysis of Rapid7 Inc (RPD)
Let’s dig in a bit further. During the last 5-days, its volume was 0.68 million. That was inferior than the volume of 0.88 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 5.18%. Additionally, its Average True Range was 1.26.
During the past 100 days, Rapid7 Inc’s (RPD) raw stochastic average was set at 5.74%, which indicates a significant increase from 2.62% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.19% in the past 14 days, which was lower than the 49.72% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $38.20, while its 200-day Moving Average is $46.76. However, in the short run, Rapid7 Inc’s stock first resistance to watch stands at $34.48. Second resistance stands at $35.22. The third major resistance level sits at $35.65. If the price goes on to break the first support level at $33.31, it is likely to go to the next support level at $32.88. Assuming the price breaks the second support level, the third support level stands at $32.14.
Rapid7 Inc (NASDAQ: RPD) Key Stats
With a market capitalization of 2.12 billion, the company has a total of 62,325K Shares Outstanding. Currently, annual sales are 777,710 K while annual income is -149,260 K. The company’s previous quarter sales were 207,990 K while its latest quarter income was 8,200 K.
