Rapid7 Inc [RPD] stock prices are up 4.49% to $40.27 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The RPD shares have gain 2.73% over the last week, with a monthly amount glided 19.32%, and 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 September 20, 2024, when RBC Capital Mkts downgraded its rating to a Sector Perform. Previously, Canaccord Genuity upgraded its rating to Buy on August 07, 2024, and dropped its price target to $43. On August 01, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $45 on the stock. Scotiabank started tracking the stock assigning a Sector Perform rating and suggested a price target of $46 on April 26, 2024. UBS upgraded its rating to a Buy and raised its price target to $70 on January 29, 2024. Citigroup upgraded its rating to Buy for this stock on January 09, 2024, and upped its price target to $65. In a note dated December 15, 2023, Susquehanna initiated an Neutral rating and provided a target price of $55 on this stock.
The stock price of Rapid7 Inc [RPD] has been fluctuating between $32.94 and $61.88 over the past year. Currently, Wall Street analysts expect the stock to reach $77.23 within the next 12 months. Rapid7 Inc [NASDAQ: RPD] shares were valued at $40.27 at the most recent close of the market. An investor can expect a potential return of 91.78% based on the average RPD price forecast.
Analyzing the RPD fundamentals
The Rapid7 Inc [NASDAQ:RPD] reported sales of 817.20M for trailing twelve months, representing a surge of 9.23%. Gross Profit Margin for this corporation currently stands at 0.7% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at -0.05%, and Net Profit Margin reading is -0.06%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is 0.44 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-17.91.
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 39.11 points at the first support level, and at 37.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.90, and for the 2nd resistance point, it is at 41.52.
Ratios To Look Out For
It’s worth pointing out that Rapid7 Inc [NASDAQ:RPD]’s Current Ratio is 1.08. On the other hand, the Quick Ratio is 1.08, and the Cash Ratio is 0.41. Considering the valuation of this stock, the price to sales ratio is 3.09.
Transactions by insiders
Recent insider trading involved Sondhi Reeny, Director, that happened on Sep 30 ’24 when 3663.0 shares were sold. Director, REENY SONDHI completed a deal on Sep 30 ’24 to buy 3663.0 shares. Meanwhile, Chief People Officer Luconi Christina sold 33795.0 shares on Jun 05 ’24.
