Radian Group, Inc. (NYSE: RDN) on Tuesday, soared 1.70% from the previous trading day, before settling in for the closing price of $34.11. Within the past 52 weeks, RDN’s price has moved between $24.92 and $37.86.
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It was noted that within the last five years, the titan of the Financial sector saw sales topped by 0.03%. The company achieved an average annual earnings per share of -1.93%. With a float of $148.27 million, this company’s outstanding shares have now reached $153.18 million.
The extent of productivity of a business whose workforce counts for 1100 workers is very important to gauge. In terms of profitability, gross margin is 55.74%, operating margin of 63.12%, and the pretax margin is 84.18%.
Radian Group, Inc. (RDN) Insider and Institutional Ownership
Observing investor behavior towards Insurance – Specialty industry stocks is more important than anything else. The insider ownership of Radian Group, Inc. is 1.43%, while institutional ownership is 96.44%. The most recent insider transaction that took place on Sep 05 ’24, was worth 1,242,985. In this transaction President, Mortgage Insurance of this company sold 35,153 shares at a rate of $35.36, taking the stock ownership to the 186,535 shares. Before that another transaction happened on Sep 05 ’24, when Company’s Officer proposed sale 35,153 for $35.36, making the entire transaction worth $1,242,985.
Radian Group, Inc. (RDN) Latest Financial update
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 1.04 earnings per share (EPS) for the period topping the consensus outlook (set at 0.81) by 0.23. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.9 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -1.93% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -4.12% during the next five years compared to 6.32% growth over the previous five years of trading.
Radian Group, Inc. (NYSE: RDN) Trading Performance Indicators
Radian Group, Inc. (RDN) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.07. Likewise, its price to free cash flow for the trailing twelve months is 29.79.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.85, a number that is poised to hit 0.91 in the next quarter and is forecasted to reach 3.71 in one year’s time.
Technical Analysis of Radian Group, Inc. (RDN)
The latest stats from [Radian Group, Inc., RDN] show that its last 5-days average volume of 0.96 million was inferior to 1.01 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 30.33%. Additionally, its Average True Range was 0.70.
During the past 100 days, Radian Group, Inc.’s (RDN) raw stochastic average was set at 60.82%, which indicates a significant increase from 52.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.19% in the past 14 days, which was lower than the 23.10% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $34.91, while its 200-day Moving Average is $32.11. Now, the first resistance to watch is $35.09. This is followed by the second major resistance level at $35.49. The third major resistance level sits at $36.23. If the price goes on to break the first support level at $33.95, it is likely to go to the next support level at $33.21. The third support level lies at $32.81 if the price breaches the second support level.
Radian Group, Inc. (NYSE: RDN) Key Stats
Market capitalization of the company is 5.22 billion based on 150,419K outstanding shares. Right now, sales total 1,241 M and income totals 603,120 K. The company made 321,150 K in profit during its latest quarter, and 151,900 K in sales during its previous quarter.
