Redfin Corp (NASDAQ: RDFN) is -15.60% lower on its value in year-to-date trading and has touched a low of $5.10 and a high of $15.29 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RDFN stock was last observed hovering at around $8.79 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $8.71, the stock is -14.24% and -21.79% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.43 million and changing -0.91% at the moment leaves the stock 8.45% off its SMA200. RDFN registered 40.48% gain for a year compared to 6-month gain of 13.86%. The firm has a 50-day simple moving average (SMA 50) of $11.155 and a 200-day simple moving average (SMA200) of $8.0283.
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The stock witnessed a -22.02% loss in the last 1 month and extending the period to 3 months gives it a 16.76%, and is -24.00% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.67% over the week and 7.11% over the month.
Redfin Corp (RDFN) has around 4693 employees, a market worth around $1.08B and $1.02B in sales. Profit margin for the company is -14.97%. Distance from 52-week low is 70.78% and -43.03% from its 52-week high. The company has generated returns on investments over the last 12 months (-18.73%).
The EPS is expected to shrink by -10.79% this year
328.0 institutions hold shares in Redfin Corp (RDFN), with institutional investors hold 61.41% of the company’s shares. The shares outstanding are 123.98M, and float is at 118.56M with Short Float at 18.27%. Institutions hold 58.79% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 17.41 million shares valued at $104.65 million. The investor’s holdings represent 14.7116 of the RDFN Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 8.76 million shares valued at $52.64 million to account for 7.4001 of the shares outstanding. The other top investors are WOLVERINE ASSET MANAGEMENT LLC which holds 3.51 million shares representing 2.9674 and valued at over $21.11 million, while MORGAN STANLEY holds 2.5483 of the shares totaling 3.02 million with a market value of $18.13 million.
Redfin Corp (RDFN) Insider Activity
The most recent transaction is an insider sale by Frey Bridget, the company’s Chief Technology Officer. SEC filings show that Frey Bridget sold 17,039 shares of the company’s common stock on Aug 23 ’24 at a price of $10.00 per share for a total of $0.17 million. Following the sale, the insider now owns 0.44 million shares.
Still, SEC filings show that on Aug 21 ’24, Taubman Christian John (Chief Growth Officer) disposed off 3,632 shares at an average price of $9.25 for $33596.0. The insider now directly holds 71,720 shares of Redfin Corp (RDFN).
