Red Violet Financials

RDVT Stock  USD 36.53  1.52  4.34%   
Based on the key indicators related to Red Violet's liquidity, profitability, solvency, and operating efficiency, Red Violet is performing exceptionally good at this time. It has a great probability to report excellent financial results in December. At this time, Red Violet's Non Current Liabilities Other is comparatively stable compared to the past year. Property Plant Equipment is likely to gain to about 873.9 K in 2024, whereas Total Stockholder Equity is likely to drop slightly above 48.1 M in 2024. Key indicators impacting Red Violet's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Current Ratio8.678.2558
Sufficiently Up
Slightly volatile
The essential information of the day-to-day investment outlook for Red Violet includes many different criteria found on its balance sheet. An individual investor should monitor Red Violet's cash flow, debt, and profitability to accurately make informed decisions on whether to invest in Red Violet.

Net Income

14.21 Million

  
Understanding current and past Red Violet Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Red Violet's financial statements are interrelated, with each one affecting the others. For example, an increase in Red Violet's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Red Violet's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Red Violet. Check Red Violet's Beneish M Score to see the likelihood of Red Violet's management manipulating its earnings.

Red Violet Stock Summary

Red Violet competes with Issuer Direct, Sparta Commercial, RIWI Corp, Rego Payment, and Envestnet. Red Violet, Inc., a software and services company, specializes in proprietary technologies and applying analytical capabilities to deliver identity intelligence in the United States. Red Violet, Inc. was incorporated in 2017 and is headquartered in Boca Raton, Florida. Red Violet operates under SoftwareApplication classification in the United States and is traded on NASDAQ Exchange. It employs 1 people.
Specialization
Industrials, Commercial & Professional Services
InstrumentUSA Stock View All
ExchangeNASDAQ Exchange
ISINUS75704L1044
CUSIP75704L104
LocationFlorida; U.S.A
Business Address2650 North Military
SectorProfessional Services
IndustryIndustrials
BenchmarkDow Jones Industrial
Websitewww.redviolet.com
Phone561 757 4000
CurrencyUSD - US Dollar

Red Violet Key Financial Ratios

Red Violet Key Balance Sheet Accounts

201920202021202220232024 (projected)
Total Assets48.9M52.0M74.4M77.4M93.0M54.1M
Other Current Liab1.6M1.7M(728K)668K1.1M1.3M
Net Tangible Assets12.8M10.9M36.0M34.2M39.4M41.3M
Retained Earnings(15.9M)(22.7M)(22.0M)(21.4M)(7.9M)(8.3M)
Accounts Payable2.1M2.1M1.6M2.2M1.6M1.7M
Cash11.8M13.0M34.3M31.8M32.0M16.3M
Other Assets289K2.3M74.4M601K691.2K656.6K
Net Receivables3.5M3.2M3.7M5.5M7.1M7.5M
Capital Surpluse59.2M66.0M91.4M92.5M106.4M111.7M
Other Current Assets722K1.2M1.2M771K1.1M884.9K
Total Liab6.8M8.6M4.9M6.3M6.9M6.0M
Total Current Assets16.0M16.7M38.6M38.1M40.3M20.6M
Short Term Debt491K1.0M1.2M1.4M1.1M641.4K
Intangible Assets24.0M27.2M28.2M31.6M34.4M23.8M
Common Stock10K12K13K14K12.6K12.0K
Net Debt(8.8M)(8.3M)(32.4M)(30.5M)(29.5M)(28.0M)
Net Invested Capital42.1M45.5M69.4M71.1M86.1M57.9M
Net Working Capital11.7M11.7M35.1M32.7M35.4M20.6M

Red Violet Key Cash Accounts

201920202021202220232024 (projected)
Change To Inventory753K(411K)(1.6M)(799K)(719.1K)(683.1K)
Investments(6.0M)(5.7M)(5.2M)(8.8M)(9.1M)(9.6M)
Change In Cash1.8M1.2M21.3M(2.4M)222K210.9K
Depreciation2.9M4.2M5.4M6.7M8.4M8.8M
Capital Expenditures6.0M5.7M5.2M8.8M9.1M7.4M
Net Income(11.1M)(6.8M)655K616K13.5M14.2M
Change To Netincome10.9M8.8M4.8M5.9M6.8M6.8M
Free Cash Flow(4.4M)857K3.7M3.6M5.9M6.2M
Other Non Cash Items422K471K(1.5M)898K1.7M1.8M
End Period Cash Flow11.8M13.0M34.3M31.8M32.0M18.3M

Red Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Red Violet's current stock value. Our valuation model uses many indicators to compare Red Violet value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Red Violet competition to find correlations between indicators driving Red Violet's intrinsic value. More Info.
Red Violet is currently regarded as top stock in return on equity category among its peers. It also is currently regarded as top stock in return on asset category among its peers reporting about  0.77  of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Red Violet is roughly  1.30 . At this time, Red Violet's Return On Equity is comparatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Red Violet by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Red Violet Systematic Risk

Red Violet's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Red Violet volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was twenty-four with a total number of output elements of thirty-seven. The Beta measures systematic risk based on how returns on Red Violet correlated with the market. If Beta is less than 0 Red Violet generally moves in the opposite direction as compared to the market. If Red Violet Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Red Violet is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Red Violet is generally in the same direction as the market. If Beta > 1 Red Violet moves generally in the same direction as, but more than the movement of the benchmark.
Today, most investors in Red Violet Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Red Violet's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Red Violet growth as a starting point in their analysis.

Price Earnings To Growth Ratio

0.0105

At this time, Red Violet's Price Earnings To Growth Ratio is comparatively stable compared to the past year.

Red Violet November 22, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Red Violet help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Red Violet. We use our internally-developed statistical techniques to arrive at the intrinsic value of Red Violet based on widely used predictive technical indicators. In general, we focus on analyzing Red Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Red Violet's daily price indicators and compare them against related drivers.

Additional Tools for Red Stock Analysis

When running Red Violet's price analysis, check to measure Red Violet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Red Violet is operating at the current time. Most of Red Violet's value examination focuses on studying past and present price action to predict the probability of Red Violet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Red Violet's price. Additionally, you may evaluate how the addition of Red Violet to your portfolios can decrease your overall portfolio volatility.