Redfin Corporation [RDFN] shares are up more than 109.79% this year and recently decreased -0.04% or -$1.78 to settle at $42.00. Analysts expect RDFN to grow earnings at a 5.00% annual rate over the next 5 years. RDFN has a short ratio of 4.20. This implies that the market is currently less bearish on the outlook for RDFN.

On 17, November 2020, Redfin Survey: 30% of Americans Want to Live Somewhere Else Due to Protests. According to news published on Yahoo Finance, The share is higher–39%–among respondents who planned to vote for Donald Trump, and 23% of respondents planned to vote for Joe Biden.

Analyst Birdseye View:

The most recent analyst activity for Redfin Corporation [NASDAQ:RDFN] stock was on September 25, 2020, when it was Resumed with an Overweight rating from Piper Sandler, which also raised its 12-month price target on the stock to $56. On August 03, 2020, Compass Point Downgrade a Neutral rating and boosted its price target on this stock to $36. On July 28, 2020, Susquehanna Downgrade a Negative rating. On July 13, 2020, BofA Securities Downgrade an Underperform rating and increased its price target to $24. On July 10, 2020, RBC Capital Mkts Downgrade a Sector perform rating and boosted its amount on this stock to $41. On May 11, 2020, Susquehanna Downgrade a Neutral rating. On April 20, 2020, Stephens Downgrade an Equal-weight rating and amplified its amount target to $19.

In the past 52 weeks of trading, this stock has oscillated between a low of $9.63 and a peak of $56.31. Right now, the middling Wall Street analyst 12-month amount mark is $47.50. At the most recent market close, shares of Redfin Corporation [NASDAQ:RDFN] were valued at $42.00. According to the average price forecast, investors can expect a potential return of -2.59%.

FUNDAMENTAL ANALYSIS

Redfin Corporation [NASDAQ:RDFN] most recently reported quarterly sales of 236.92 billion, which represented growth of -0.80%. This company’s Gross Margin is currently 21.90% and its Operating Margin is -9.60%.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 41.13 points at 1st support level, the second support level is making up to 40.27. But as of 1st resistance point, this stock is sitting at 43.55 and at 45.11 for 2nd resistance point.

Redfin Corporation [RDFN] reported its earnings at $0.3 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.25/share signifying the difference of 0.05 and 20.00% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were -$0.08 calling estimates for -$0.23/share with the difference of 0.15 depicting the surprise of 65.20%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Redfin Corporation [NASDAQ:RDFN] is 2.40.

Insider Stories

The most recent insider trade was by KELMAN GLENN, President and CEO, and it was the sale of 20000.0 shares on Nov 11. KELMAN GLENN, the President and CEO, completed a sale of 20000.0 shares on Nov 10. On Nov 09, KELMAN GLENN, President and CEO, completed a sale of 20000.0 shares.