Redfin Corp Stock Price Up 3.92 percent on Nov 4
RDFN Stock | USD 9.63 0.47 5.13% |
About 55% of Redfin Corp's investors are presently thinking to get in. The analysis of overall sentiment of trading Redfin Corp stock suggests that some investors are interested at this time. Redfin Corp's investing sentiment overview a quick insight into current market opportunities from investing in Redfin Corp. Many technical investors use Redfin Corp stock news signals to limit their universe of possible portfolio assets and to time the market correctly.
Redfin |
Shares of Redfin Corp surged 3.92 percent in mid-day trading on Nov 4. The stock reached an intraday high of 11.09, before settling at 10.74, up from its
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Redfin Corp Fundamental Analysis
We analyze Redfin Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Redfin Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Redfin Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Cash Per Share
Cash Per Share Comparative Analysis
Redfin Corp is currently under evaluation in cash per share category among its peers. Cash per Share is a ratio of current cash on hands or in the banks of the company to a total number of shares outstanding. It is used to determine a firm's liquidity and is a good indicator of the overall financial health of a company. Value investors often compare this ratio to the current stock quote, and if it exceeds the stock price they would invest in it.
Redfin Corp Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Redfin Corp stock to make a market-neutral strategy. Peer analysis of Redfin Corp could also be used in its relative valuation, which is a method of valuing Redfin Corp by comparing valuation metrics with similar companies.
Peers
Redfin Corp Related Equities
OPEN | Opendoor Technologies | 14.57 | ||||
HOUS | Anywhere Real | 10.02 | ||||
RMAX | Re Max | 6.12 | ||||
REAX | Real Brokerage | 2.81 | ||||
MMI | Marcus Millichap | 2.48 | ||||
EXPI | EXp World | 2.42 | ||||
OPAD | Offerpad Solutions | 1.47 | ||||
MLP | Maui Land | 0.63 | ||||
FRPH | Frp Holdings | 1.45 | ||||
OMH | Ohmyhome Limited | 2.56 |
Check out Redfin Corp Hype Analysis, Redfin Corp Correlation and Redfin Corp Performance. To learn how to invest in Redfin Stock, please use our How to Invest in Redfin Corp guide.You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Is Real Estate Management & Development space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Redfin Corp. If investors know Redfin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Redfin Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Redfin Corp is measured differently than its book value, which is the value of Redfin that is recorded on the company's balance sheet. Investors also form their own opinion of Redfin Corp's value that differs from its market value or its book value, called intrinsic value, which is Redfin Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Redfin Corp's market value can be influenced by many factors that don't directly affect Redfin Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Redfin Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Redfin Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Redfin Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.