Is Redfin Corporation (NASDAQ:RDFN) Still Worth A Bite?

Redfin Corporation (NASDAQ:RDFN) shares fell to a low of $66.38 before closing at $69.44. Intraday shares traded counted 2.54 million, which was -28.9% lower than its 30-day average trading volume of 1.97M. RDFN’s previous close was $64.90 while the outstanding shares total 102.20M. The firm has a beta of 1.98. The stock’s Relative Strength Index (RSI) is 43.55, with weekly volatility at 11.01% and ATR at 7.07. The RDFN stock’s 52-week price range has touched low of $9.63 and a $98.44 high. The stock traded higher over the last trading session, gaining 7.00% on 03/10/21.

Investors have identified the Real Estate Services company Redfin Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $7.60 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.

Redfin Corporation (RDFN) Fundamentals that are to be considered.

When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For RDFN, the company has in raw cash 945.82 million on their books with 62.98 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 1.24 billion total, with 185.72 million as their total liabilities.

Having a look at the company’s valuation, the company is expected to record 0.36 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on RDFN sounds very interesting.

Is the stock of RDFN attractive?

In related news, Chief Technology Officer, Frey Bridget sold 4,000 shares of the company’s stock in a transaction that recorded on Mar 02. The sale was performed at an average price of 80.50, for a total value of 322,000. As the sale deal closes, the Chief Product Officer, Taubman Christian John now sold 1,302 shares of the company’s stock, valued at 99,082. Also, Chief Growth Officer, Wiener Adam sold 6,500 shares of the company’s stock in a deal that was recorded on Feb 18. The shares were price at an average price of 89.53 per share, with a total market value of 581,931. Following this completion of acquisition, the Chief Financial Officer, Nielsen Christopher John now holds 3,000 shares of the company’s stock, valued at 268,457. In the last 6 months, insiders have changed their ownership in shares of company stock by 2.20%.

4 out of 17 analysts covering the stock have rated it a Buy, while 10 have maintained a Hold recommendation on Redfin Corporation. 1 analysts has assigned a Sell rating on the RDFN stock. The 12-month mean consensus price target for the company’s shares has been set at $81.36.

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