At the time of writing, Rapid7 Inc [RPD] stock is trading at $42.44, up 3.36%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The RPD shares have gain 4.25% over the last week, with a monthly amount glided 10.93%, 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 October 16, 2024, when Jefferies initiated its Buy rating and assigned the stock a price target of $50. Previously, RBC Capital Mkts downgraded its rating to Sector Perform on September 20, 2024. On August 07, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $43 on the stock. Robert W. Baird downgraded its rating to a Neutral and decreased its price target to $45 on August 01, 2024. Scotiabank initiated its recommendation with a Sector Perform and recommended $46 as its price target on April 26, 2024. UBS upgraded its rating to Buy for this stock on January 29, 2024, and upped its price target to $70. In a note dated January 09, 2024, Citigroup upgraded an Buy rating on this stock and boosted its target price from $54 to $65.
For the past year, the stock price of Rapid7 Inc fluctuated between $32.94 and $61.88. Currently, Wall Street analysts expect the stock to reach $69.07 within the next 12 months. Rapid7 Inc [NASDAQ: RPD] shares were valued at $42.44 at the most recent close of the market. An investor can expect a potential return of 62.75% based on the average RPD price forecast.
Analyzing the RPD fundamentals
According to Rapid7 Inc [NASDAQ:RPD], the company’s sales were 833.01M for trailing twelve months, which represents an 7.95% jump. Gross Profit Margin for this corporation currently stands at 0.7% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.07%, 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 -0.71 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -166.81.
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 41.54 points at the first support level, and at 40.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.11, and for the 2nd resistance point, it is at 43.78.
Ratios To Look Out For
It is important to note that Rapid7 Inc [NASDAQ:RPD] has a current ratio of 1.09. As well, the Quick Ratio is 1.09, while the Cash Ratio is 0.39. Considering the valuation of this stock, the price to sales ratio is 3.22 and price to earnings (TTM) ratio is 66.85.
Transactions by insiders
Recent insider trading involved Sondhi Reeny, Director, that happened on Nov 15 ’24 when 3663.0 shares were sold. Director, REENY SONDHI completed a deal on Nov 15 ’24 to buy 3663.0 shares. Meanwhile, Director Sondhi Reeny sold 3663.0 shares on Sep 30 ’24.
