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RDFN
Stock ticker:
NASDAQ
AS OF
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Price
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Capitalization
1.15B

RDFN Price Prediction, Redfin Corp AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar

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A.I.Advisor
a Summary for RDFN with price predictions
08:00 PM EDT Jun 07, 2023

RDFN in upward trend: 10-day moving average crossed above 50-day moving average on May 10, 2023

The 10-day moving average for RDFN crossed bullishly above the 50-day moving average on May 10, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on June 05, 2023. You may want to consider a long position or call options on RDFN as a result. In of 77 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for RDFN just turned positive on June 08, 2023. 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 .

RDFN moved above its 50-day moving average on May 05, 2023 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where RDFN advanced for three days, in of 314 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The 10-day RSI Indicator for RDFN moved out of overbought territory on May 12, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 30 similar instances where the indicator moved out of overbought territory. In of the 30 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

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 .

RDFN broke above its upper Bollinger Band on May 10, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

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

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued 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 (58.480) is slightly higher than the industry average of (4.075). P/E Ratio (0.000) is within average values for comparable stocks, (55.103). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (1.863). Dividend Yield (0.000) settles around the average of (0.058) among similar stocks. P/S Ratio (0.588) is also within normal values, averaging (9.693).

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 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 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 89, placing this stock worse than average.

A.I. Advisor
published Earnings

RDFN is expected to report earnings to fall 38.13% to -34 cents per share on August 03

Redfin Corp RDFN Stock Earnings Reports
Q2'23
Est.
$-0.34
Q1'23
Beat
by $0.46
Q4'22
Beat
by $0.48
Q3'22
Missed
by $0.07
Q2'22
Missed
by $0.12
The last earnings report on May 04 showed earnings per share of -55 cents, beating the estimate of -100 cents. With 561.00K shares outstanding, the current market capitalization sits at 1.15B.
A.I.Advisor
published Highlights

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 4.28B. 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 1%. For the same Industry, the average monthly price growth was 1%, and the average quarterly price growth was -2%. BRST experienced the highest price growth at 88%, while MDTWF experienced the biggest fall at -23%.

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 1% and the average quarterly volume growth was -0%

Fundamental Analysis Ratings

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

Valuation Rating: 42
P/E Growth Rating: 60
Price Growth Rating: 51
SMR Rating: 73
Profit Risk Rating: 88
Seasonality Score: 0 (-100 ... +100)
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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 75% 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%
+4.51%
OPEN - RDFN
75%
Closely correlated
+6.87%
EXPI - RDFN
66%
Closely correlated
+20.67%
HOUS - RDFN
64%
Loosely correlated
-1.79%
RMAX - RDFN
62%
Loosely correlated
-1.12%
HHC - RDFN
56%
Loosely correlated
-1.95%
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