(VIANEWS) – Redfin (NASDAQ: RDFN) stock experienced an unexpectedly strong surge on Friday, rising 13.61% to EUR7.36 at 12:25 EST – this marks its fourth consecutive session of gains despite negative market fluctuations of 0.35% to EUR16,216.07. Nonetheless, Redfin NASDAQ shares are trading negatively at EUR16,216.07 which may halt any further progress made by Redfin.
Redfin’s most recent closing price of EUR6.48 represents a decrease of 63.35% compared to its 52-week high of EUR17.68.
About Redfin
Redfin Corporation is a top residential real estate brokerage company operating across both the U.S. and Canada. Their online real estate marketplace and comprehensive range of services make them an indispensable partner when buying or selling their home, while Redfin also offers title and settlement services, mortgage origination/sale services, title insurance services and settlement/closing. Redfin was founded in 2002 with headquarters located in Seattle Washington State.
Yearly Analysis
According to current information, Redfin’s stock is trading at EUR7.36 which is considerably below its 52-week high of EUR17.68 but higher than its low of EUR4.26.
Redfin is predicted to experience a negative sales growth rate of 52.5% this year and 2.3% in 2019.
Redfin’s EBITDA stands at 1.73 at the moment.
Note that negative sales growth rates could indicate challenges with revenue generation for your company. Although an EBITDA ratio of 1.73 suggests profitability for this firm, other financial metrics and its overall health should be taken into consideration before making any investment decisions.
Technical Analysis
Moving AverageRedfin’s current stock price falls well below its 50-day moving average of EUR8.44 and even further below its 200-day moving average of EUR9.07, suggesting a potential downward trend over both short- and long-term periods.
Volume The current trading volume for the stock, at 4,816,821, is 17.75% lower than its 50-day average volume of 5,856,720 and could indicate decreased investor activity or enthusiasm in it.
VolatilityOver the past week, month, and quarter, Redfin’s current intraday price variation average was negative 1.83%; negative 1.15%; and positive 4.15% respectively. Redfin experienced its highest amplitude of average volatility during those three timeframes: 3.58% in one week alone, 3.39% for an entire month’s data set, and 4.15 for quarterly reporting purposes.
Volatility information gives investors insight into the stock’s potential for sharp price movements in the near future, so they should carefully monitor these trends when making investment decisions.
Quarter Analysis
Redfin’s sales growth is showing a downward trend for both the current quarter (-54.1%) and next quarter (-32.7%), yet their estimated growth rates for each of them are far more optimistic; respectively 79.8% and 12.7%.
Regarding revenue growth, year-on-year quarterly revenue growth for the last twelve months has decreased by 1.7% year over year to 976.67M for all twelve trailing months compared with 996M last year. This indicates that company’s revenue expansion is slowing compared with last year.
Overall, investors should remain wary about Redfin’s growth prospects due to its negative sales growth trend and estimates suggesting positive momentum for its coming quarters. Investors should also keep an eye on revenue growth which has decreased year over year; keep an eye on any financial reports or announcements that could influence Redfin’s revenue and growth in future quarters.
Equity Analysis
Redfin has posted a negative trailing twelve month earnings per share (EPS) figure of EUR-1.13. This indicates that they are failing to generate profits for shareholders, and their return on equity (ROE) was negative -172.46% over that same timeframe, suggesting they are misusing shareholder equity without producing sufficient returns. As both indicators point towards weak profitability at Redfin currently, investors should tread with caution when making investment decisions or prioritizing research and analysis on its financial performance as well as future potential for growth.
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