RDFN Stock Summary and Trading Ideas (Redfin | NASDAQ:RDFN)

Redfin Corp is a residential real estate broker. It pairs its agents with the technology to create a service that is faster and costs less. The company meets customers through a listings-search website and mobile application. The company uses the same combination of technology and local service to originate mortgage loans and offer title and settlement services. It has five operating segments and three reportable segments, real estate services, rentals, and mortgage. The company generates the majority of its revenue from Real estate services.

Redfin trades on the NASDAQ stock market under the symbol RDFN.

As of April 19, 2024, RDFN stock price declined to $5.20 with 4,641,034 million shares trading.

RDFN has a beta of 4.03, meaning it tends to be more sensitive to market movements. RDFN has a correlation of 0.31 to the broad based SPY ETF.

RDFN has a market cap of $576.19 million. This is considered a Small Cap stock.

Last quarter Redfin reported $218 million in Revenue and -$.20 earnings per share. This fell short of revenue expectation by $-2 million and exceeded earnings estimates by $.02.

In the last 3 years, RDFN stock traded as high as $72.69 and as low as $3.08.

The top ETF exchange traded funds that RDFN belongs to (by Net Assets): VNQ, VTI, VB, IWM, VXF.

RDFN has underperformed the market in the last year with a price return of -43.2% while the SPY ETF gained +21.2%. RDFN has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -34.6% and -15.9%, respectively, while the SPY returned +3.0% and -4.5%, respectively.

RDFN support price is $5.07 and resistance is $5.56 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RDFN stock will trade within this expected range on the day.