Rapid7 Inc. (NASDAQ:RPD) saw a downside of -2.11% to $35.65 after subtracting -$0.77 on Tuesday. The 5-day average trading volume is 974,868 shares of the company’s common stock. It has gained $36.79 in the past week and touched a new high 3 times within the past 5 days. An average of 745,507 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,000,245.
RPD’s 1-month performance is 4.06% or $1.94 on its low of $30.54 reached on 01/06/23. The company’s shares have touched a 52-week low of $26.49 and high of $118.25, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, RPD has achieved 7.18% or $1.79 and has reached a new high 4 times. However, the current price is down -69.85% from the 52-week high price.
RPD stock investors last saw insider trading activity on Dec 16.Thomas Corey E. (CEO) most recently sold 41,620 shares at $36.52 per share on Dec 16. This transaction cost the insider $1,520,158. CEO, Thomas Corey E., sold 41,619 shares at a price of $36.68 on Dec 15. Then, on Dec 14, CEO Thomas Corey E. sold 41,619 shares at a price of $38.05 per share. This transaction amounted to $1,583,403.
RPD stock has a beta of 1.10. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.15 while the price to cash flow ratio at 80.96.
Rapid7 Inc.’s quick ratio for the period ended September 29 was 0.90, with the current ratio over the same period at 0.90. In terms of profitability, the gross margin trailing 12 months is 67.90%. The firm’s gross profit as reported stood at $366.46 million against revenue of $535.4 million.
For the quarterly period ending September 29 this year, Rapid7 Inc.’s cash and short-term investments amounted to $83.23 million against total debt of $917.23 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -31.22% to -$28.73 million, while revenue of -$39.61 million was -37.87% off the previous quarter. Analysts expected RPD to announce $0.06 per share in earnings in its latest quarter, but it posted $0.14, representing a 133.30% surprise. EBITDA for the quarter stood at more than -$11.99 million. RPD stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 1.44 billion, with total debt at $917.23 million. Shareholders hold equity totaling $59.24 million.
Let’s look briefly at Rapid7 Inc. (RPD) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 59.91% to suggest the stock is trending Neutral, with historical volatility in this time period at 42.92%.
The stock’s 5-day moving average is $34.84, reflecting a +4.90% or $1.67 change from its current price. RPD is currently trading +5.08% above its 20-day SMA, -38.81% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +33.22% and SMA200 by-66.71%.
Stochastic %K and %D was 91.72% and 80.70% and the average true range (ATR) pointed at 1.68. The RSI (14) points at 56.68%, while the 14-day stochastic is at 83.68% with the period’s ATR at 1.75. The stock’s 9-day MACD Oscillator is pointing at 1.26 and 1.71 on the 14-day charts.
In the most recent analyst report for Rapid7 Inc. (NASDAQ: RPD), JP Morgan launched coverage with a Neutral rating. Analysts offering their rating for RPD stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate RPD as a “sell,”, while 12 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 6 have offered a “buy” rating.
What is RPD’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $30.00 and a high of $90.00, with their median price target at $44.50. Looking at these predictions, the average price target given by analysts is for Rapid7 Inc. (RPD) stock is $46.31.