Rapid7 Inc [RPD] stock is trading at $36.77, up 1.29%. An important factor to consider is whether the stock is rising or falling in short-term value. The RPD shares have gain 2.91% over the last week, with a monthly amount drifted -6.15%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Rapid7 Inc [NASDAQ: RPD] stock has seen the most recent analyst activity on August 07, 2024, when Canaccord Genuity upgraded its rating to a Buy and also revised its price target to $43 from $52. Previously, Robert W. Baird downgraded its rating to Neutral on August 01, 2024, and dropped its price target to $45. On April 26, 2024, Scotiabank initiated with a Sector Perform rating and assigned a price target of $46 on the stock. UBS upgraded its rating to a Buy and increased its price target to $70 on January 29, 2024. Citigroup upgraded its rating to a Buy and raised its price target to $65 on January 09, 2024. Susquehanna started tracking with a Neutral rating for this stock on December 15, 2023, and assigned it a price target of $55. In a note dated November 03, 2023, Wolfe Research upgraded an Outperform rating on this stock but restated the target price of $56.
Rapid7 Inc [RPD] stock has fluctuated between $32.94 and $61.88 over the past year. Currently, Wall Street analysts expect the stock to reach $78.69 within the next 12 months. Rapid7 Inc [NASDAQ: RPD] shares were valued at $36.77 at the most recent close of the market. An investor can expect a potential return of 114.01% based on the average RPD price forecast.
Analyzing the RPD fundamentals
Rapid7 Inc [NASDAQ:RPD] reported sales of 817.20M for the trailing twelve months, which represents a growth of 9.23%. Gross Profit Margin for this corporation currently stands at 0.7% with Operating Profit Margin at -0.06%, Pretax Profit Margin comes in at -0.14%, and Net Profit Margin reading is -0.15%. To continue investigating profitability, this company’s Return on Assets is posted at -0.08, Equity is 1.01 and Total Capital is -0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-10.93.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 35.95 points at the first support level, and at 35.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 37.32, and for the 2nd resistance point, it is at 37.88.
Ratios To Look Out For
For context, Rapid7 Inc’s Current Ratio is 1.08. On the other hand, the Quick Ratio is 1.08, and the Cash Ratio is 0.38. Considering the valuation of this stock, the price to sales ratio is 2.80.
Transactions by insiders
Recent insider trading involved Luconi Christina, Chief People Officer, that happened on Jun 05 ’24 when 33795.0 shares were sold. Chief Operating Officer, Burton Andrew F. completed a deal on Apr 08 ’24 to sell 20653.0 shares. Meanwhile, CEO Thomas Corey E. sold 50000.0 shares on Mar 13 ’24.
