(VIANEWS) – Redfin (NASDAQ: RDFN) shares have fallen an incredible 18.55% during five sessions, dropping from EUR9.38 to EUR7.64 at 17:42 EST on Thursday despite rising 1.35% on NASDAQ to EUR15,055.65; Redfin’s share price closed out the day at EUR7.78 which represents 56% less than their 52-week high of EUR17.68.
About Redfin
Redfin Corporation is a top residential real estate brokerage company operating across North America. Based out of Seattle, Washington and founded in 2002 as Appliance Computing Inc. before transitioning into Redfin in May 2006 with its innovative online real estate marketplace and team of dedicated professionals, Redfin continues to revolutionize the real estate industry.
Yearly Analysis
Yearly Top and Bottom Value: Redfin’s stock currently trades at EUR7.64, significantly below its 52-week high of EUR17.68 but higher than its low of EUR4.26; this indicates a dramatic decrease in value over the last year.
Anticipated Sales Growth:
Redfin’s expected sales growth this year is projected at negative 52.5%, which indicates an abrupt reduction in revenue. Next year however, Redfin anticipates its sales growth will slow significantly to 2.3%, signalling less of an alarming decline compared to this year.
Redfin’s Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) stands at -621.09 which indicates it is currently operating at a loss and should cause investors to be concerned that Redfin isn’t making sufficient profits to continue its operations. It should be remembered however, that EBITDA isn’t an industry standard and may differ significantly between companies using this metric.
Technical Analysis
Redfin’s stock has experienced a drop in value recently, falling below both its 50-day and 200-day moving averages. Redfin reported volume was significantly less than expected (44,908,450 as opposed to its average volume of 6,088,330), perhaps signalling lack of investor enthusiasm or trust in this particular investment opportunity.
The stock’s volatility has been on an downward trend in the past week, month, and quarter with its intraday variation averages for all three being negative. The highest amplitude of average volatility during that time was 6.92% last week; 4.53 % last month and 4.69% quarter.
Redfin’s stock is currently considered overbought (>=80), suggesting that its performance could benefit from some consolidation or correction.
Redfin’s stock appears to be facing headwinds, as evidenced by its value being below moving averages, low volume levels, and increasing levels of overbought conditions. Therefore, investors may wish to exercise extreme caution and closely track its performance before making any investment decisions.
Quarter Analysis
Redfin’s sales growth is negative in its current quarter, declining 54% year over year. However, its forecasted growth estimates for both this and next quarters is positive: they project growth rates of 79.8% and 12.7%, respectively – suggesting it should experience significant expansion and recover soon enough.Growth Estimates QuartersThis indicates Redfin is set for significant expansion over time; these projections predict growth of 79% and 12.7% for respective periods. This may point towards temporary sales decline but also indicate its eventual return and experience significant expansion compared with prior quarters – perhaps with further sales decline temporarily as sales decline temporarily takes effect temporarily and expect recovery and growth later down the line compared with current estimates being optimistic but expected over coming quarters with these predictions of significant expansion over this year and next one!Growth Estimates QuartersThis company’s projected growth estimates suggest significant expansion over coming quarters with projected figures projected growth expected between 79% and 12.7% from its previous one quarters respectively, providing hope.Growth Estimates QuartersThis suggests Redfin is expected to experience substantial expansion.Growth Estimates Quarters This indicates it is expected to experience substantial expansion from now.Growth Estimates Quarters this year and next.Growth Expectations QuartersThe company’s expected recovery with forecasted estimates QuartersThis indicates this indicates it can expects QuartersThis company expect significant expansion over coming quarters projected between 79.88% and 12.7% by next quarter with potential forecastes respectively, showing their estimates being forecast at least.7% Forecast Quarters This suggests it is expected to experience substantial growth through its coming quarters this suggests this indicates significant expansion is anticipated this quarters Expectations Quarters Quarters Quarters Quarters Quarters this suggests Redfin is expected to Experience Significant Growth This quarters with forecastes with growth at least expected to experience significant growth over coming quarters this quarters this expected to experience significant growth to experience significant growth over coming quarters which suggest Redfin may experience temporary decline temporarily experiencing temporary dip during coming quarters for expected to experience significant growth this quarters as well.. This suggests Redfin can expect significant expansion over coming quarters to this quarters Expectations will experience substantial expansion. This suggests Redfin would show significant expansion.
Equity Analysis
Redfin’s Earnings Per Share for the trailing 12 months stands at EUR-1.84 while their Return on Equity stands at negative -2209.25%.
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