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Jun 10, 2019

Redfin (RDFN, $17.98) gets upgraded to overweight from underweight by Stephens

Real-estate brokerage company Redfin’s shares climbed more than +6% Monday, following a rating upgrade by Stephens.

Stephens analyst John Campbell raised his rating on the stock to overweight from underweight. He also increased his price target to $23 from $18. 

Campbell cited Redfin’s market position, strategy, its drive towards e-commerce as factors behind the optimism. He also indicated that Redfin stock is currently at an attractive valuation. He expects improved operating results at Redfin in the near future starting with “impressive 2Q19 results”.  

Related Ticker: RDFN

RDFN in upward trend: price expected to rise as it breaks its lower Bollinger Band on February 16, 2024

RDFN may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 41 cases where RDFN's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where RDFN's RSI Oscillator exited the oversold zone, of 40 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 53 cases where RDFN's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for RDFN just turned positive on March 01, 2024. Looking at past instances where RDFN's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where RDFN advanced for three days, in of 300 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on February 08, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on RDFN as a result. In of 72 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

RDFN moved below its 50-day moving average on February 02, 2024 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for RDFN crossed bearishly below the 50-day moving average on January 25, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where RDFN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for RDFN entered a downward trend on March 01, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: RDFN's P/B Ratio (303.030) is very high in comparison to the industry average of (3.275). P/E Ratio (0.000) is within average values for comparable stocks, (49.642). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (1.626). Dividend Yield (0.000) settles around the average of (0.057) among similar stocks. P/S Ratio (0.811) is also within normal values, averaging (11.620).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. RDFN’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. RDFN’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 87, placing this stock worse than average.

Industry description

Activities range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others. Demand for land development business is driven by GDP growth, employment rates, interest rates, and access to/cost of capital. For individual companies in this industry, proper cost estimation and successful bidding play critical roles in their profitability. Large companies could potentially have greater access to capital, while smaller companies can specialize in a specific geographic area or market niche. CBRE Group, VICI Properties Inc and Brookfield Property Partners L.P. are some of the large companies in this industry.

Market Cap

The average market capitalization across the Real Estate Development Industry is 4.59B. The market cap for tickers in the group ranges from 487 to 165.37B. TMHTY holds the highest valuation in this group at 165.37B. The lowest valued company is SHIOF at 487.

High and low price notable news

The average weekly price growth across all stocks in the Real Estate Development Industry was -0%. For the same Industry, the average monthly price growth was -1%, and the average quarterly price growth was -9%. AWCA experienced the highest price growth at 74%, while UCASU experienced the biggest fall at -49%.

Volume

The average weekly volume growth across all stocks in the Real Estate Development Industry was -1%. For the same stocks of the Industry, the average monthly volume growth was -2% and the average quarterly volume growth was -3%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 43
P/E Growth Rating: 61
Price Growth Rating: 64
SMR Rating: 75
Profit Risk Rating: 87
Seasonality Score: 2 (-100 ... +100)
Related Portfolios: REAL ESTATE DEVELOPMENT
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RDFNDaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a provider of real estate brokerage services

Industry RealEstateDevelopment

Profile
Fundamentals
Details
Industry
Real Estate Development
Address
1099 Stewart Street
Phone
+1 206 576-8610
Employees
5572
Web
https://www.redfin.com
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RDFN and

Correlation & Price change

A.I.dvisor indicates that over the last year, RDFN has been closely correlated with OPEN. These tickers have moved in lockstep 73% of the time. This A.I.-generated data suggests there is a high statistical probability that if RDFN jumps, then OPEN could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To RDFN
1D Price
Change %
RDFN100%
-1.48%
OPEN - RDFN
73%
Closely correlated
+0.97%
COMP - RDFN
68%
Closely correlated
-2.53%
HOUS - RDFN
58%
Loosely correlated
-0.32%
EXPI - RDFN
57%
Loosely correlated
-2.29%
HHH - RDFN
52%
Loosely correlated
+0.26%
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