Rapid7 Inc [NASDAQ: RPD] stock went on a downward path that fall over -17.03% on Wednesday, amounting to a one-week price decrease of less than -15.33%.
Over the last 12 months, RPD stock dropped by -20.18%. The one-year Rapid7 Inc stock forecast points to a potential upside of 27.38. The average equity rating for RPD stock is currently 2.30, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $2.37 billion, with 61.71 million shares outstanding and 60.55 million shares in the current float. Compared to the average trading volume of 703.63K shares, RPD stock reached a trading volume of 9293083 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Rapid7 Inc [RPD]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for RPD shares is $52.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on RPD stock is a recommendation set at 2.30. 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.
Scotiabank have made an estimate for Rapid7 Inc shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on April 26, 2024. While these analysts kept the previous recommendation, UBS raised their target price from $53 to $70. The new note on the price target was released on January 29, 2024, representing the official price target for Rapid7 Inc stock. Previously, the target price had yet another raise from $54 to $65, while Citigroup kept a Buy rating on RPD stock.
The Average True Range (ATR) for Rapid7 Inc is set at 2.12, with the Price to Sales ratio for RPD stock in the period of the last 12 months amounting to 2.96. Price to Free Cash Flow for RPD in the course of the last twelve months was 18.66 with Quick ratio for the last quarter at 1.10.
RPD Stock Performance Analysis:
Rapid7 Inc [RPD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.33. With this latest performance, RPD shares dropped by -24.53% in over the last four-week period, additionally sinking by -22.62% over the last 6 months – not to mention a drop of -20.18% 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 RPD stock in for the last two-week period is set at 22.57, with the RSI for the last a single of trading hit 18.00, and the three-weeks RSI is set at 26.33 for Rapid7 Inc [RPD]. The present Moving Average for the last 50 days of trading for this stock 49.19, while it was recorded at 43.98 for the last single week of trading, and 50.93 for the last 200 days.
Insight into Rapid7 Inc Fundamentals:
Rapid7 Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.10.
Rapid7 Inc [RPD] Institutonal Ownership Details
The top three institutional holders of RPD stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in RPD stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in RPD stock with ownership which is approximately 5.8386%.
