Redfin Corporation [RDFN] is 97.26% higher this YTD. Is it still time to buy?

Redfin Corporation [NASDAQ: RDFN] stock went on a downward path that fall over -4.55% on Monday, amounting to a one-week price increase of more than 2.44%. The company report on August 10, 2020 that Bidding Wars Hold Steady in July, With Over Half of Redfin Offers Encountering Competition.

54% of Redfin offers faced bidding wars last month amid record-low mortgage rates and an acute shortage of homes for sale.

Salt Lake City was the most competitive market, with 75% of offers encountering competition.

Over the last 12 months, RDFN stock rose by 117.98%. The one-year Redfin Corporation stock forecast points to a potential downside of -2.08. The average equity rating for RDFN stock is currently 2.70, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $4.12 billion, with 98.79 million shares outstanding and 93.93 million shares in the current float. Compared to the average trading volume of 1.52M shares, RDFN stock reached a trading volume of 1111792 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Redfin Corporation [RDFN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RDFN shares is $40.85 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RDFN stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Compass Point have made an estimate for Redfin Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 03, 2020. The new note on the price target was released on July 28, 2020, representing the official price target for Redfin Corporation stock. Previously, the target price had yet another raise to $24, while BofA Securities analysts kept a Underperform rating on RDFN stock.

The Average True Range (ATR) for Redfin Corporation is set at 2.58, with the Price to Sales ratio for RDFN stock in the period of the last 12 months amounting to 4.70. The Price to Book ratio for the last quarter was 11.58, with the Price to Cash per share for the same quarter was set at 4.59. Price to Free Cash Flow for RDFN in the course of the last twelve months was 126.34 with Quick ratio for the last quarter at 4.10.

RDFN Stock Performance Analysis:

Redfin Corporation [RDFN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.44. With this latest performance, RDFN shares gained by 12.28% in over the last four-week period, additionally plugging by 69.03% over the last 6 months – not to mention a rise of 117.98% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for RDFN stock in for the last two-week period is set at 54.78, with the RSI for the last a single of trading hit 51.77, and the three-weeks RSI is set at 55.58 for Redfin Corporation [RDFN]. The present Moving Average for the last 50 days of trading for this stock 38.37, while it was recorded at 42.39 for the last single week of trading, and 25.90 for the last 200 days.

Insight into Redfin Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Redfin Corporation [RDFN] shares currently have an operating margin of -11.31 and a Gross Margin at +18.48. Redfin Corporation’s Net Margin is presently recorded at -10.36.

Return on Total Capital for RDFN is now -16.98, given the latest momentum, and Return on Invested Capital for the company is -16.22. Return on Equity for this stock declined to -22.98, with Return on Assets sitting at -14.19. When it comes to the capital structure of this company, Redfin Corporation [RDFN] has a Total Debt to Total Equity ratio set at 65.39. Additionally, RDFN Total Debt to Total Capital is recorded at 39.54, with Total Debt to Total Assets ending up at 36.35. Long-Term Debt to Equity for the company is recorded at 54.18, with the Long-Term Debt to Total Capital now at 32.76.

Reflecting on the efficiency of the workforce at the company, Redfin Corporation [RDFN] managed to generate an average of -$23,928 per employee.Redfin Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.10 and a Current Ratio set at 4.20.

RDFN Stock EPS

With the latest financial reports released by the company, Redfin Corporation posted 0.07/share EPS, while the average EPS was predicted by analysts to be reported at 0.04/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 75.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for RDFN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Redfin Corporation go to 5.00%.

Redfin Corporation [RDFN] Insider Position Details

There are presently around $3,718 million, or 97.40% of RDFN stock, in the hands of institutional investors. The top three institutional holders of RDFN stocks are: VANGUARD GROUP INC with ownership of 10,604,645, which is approximately -5.382% of the company’s market cap and around 2.60% of the total institutional ownership; DURABLE CAPITAL PARTNERS LP, holding 9,093,415 shares of the stock with an approximate value of $379.19 million in RDFN stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $355.95 million in RDFN stock with ownership of nearly 8.577% of the company’s market capitalization.

Positions in Redfin Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 107 institutional holders increased their position in Redfin Corporation [NASDAQ:RDFN] by around 20,136,961 shares. Additionally, 90 investors decreased positions by around 14,424,614 shares, while 32 investors held positions by with 54,596,436 shares. The mentioned changes placed institutional holdings at 89,158,011 shares, according to the latest SEC report filing. RDFN stock had 52 new institutional investments in for a total of 10,599,238 shares, while 23 institutional investors sold positions of 7,677,565 shares during the same period.

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