Rapid7 Inc. (NASDAQ:RPD) finished Wednesday with an addition of $6.21 to close at $46.00, an upside of 15.61 percent. An average of 1,947,560 shares of common stock have been traded in the last five days. There was a gain of $2.91 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 1,372,215 shares traded, while the 50-day average volume stands at 1,160,190.
RPD stock has increased by 8.16% in the last month. The company shares reached their 1-month lowest point of $39.49 on 08/08/23. With the stock rallying to its 52-week high on 02/09/23, shares of the company touched a low of $26.49 and a high of $70.73 in 52 weeks. It has reached a new high 9 times so far this year and achieved 35.37% or $12.02 in price. In spite of this, the price is down -34.96% from the 52-week high.
Insider Transactions
RPD stock investors should be aware that Rapid7 Inc. (RPD) stock had its last reported insider trading activity 237 days ago on Dec 16. In this transaction, the insider spent $1,520,158. CEO, Thomas Corey E., disposed of 41,619 shares at a price of $36.68 on Dec 15. The insider now owns more than $1,526,432 worth of shares. Prior to that, CEO Thomas Corey E. went on to Sale 41,619 shares at $38.05 each on Dec 14. An amount of $1,583,403 was transacted.
Valuation Metrics
Rapid7 Inc. (RPD) stock’s beta is 1.05. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.93, and the price-to-cash flow ratio at 78.41.
Financial Health
The quick ratio of Rapid7 Inc. for the three months ended March 30 was 0.90, and the current ratio was 0.90, indicating that the company is not able to meet its debt obligations. Rapid7 Inc.’s EBITDA margin for the year ending March 30 is -10.29%, while its operating margin for the same period stands at -13.40%. Its gross profit as reported stood at $470.73 million compared to revenue of $685.08 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Rapid7 Inc.’s return on assets was -8.00%.
Earnings Surprise
For the three-month period that ended March 30, Rapid7 Inc. had $56.48 million in cash. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$25.92 million in the quarter, while revenues of -$11.39 million were shrunk -73.61%. The analyst consensus anticipated Rapid7 Inc.’s latest quarter earnings to come in at $0.09 per share, but it turned out to be $0.16, a 77.80% surprise. For the quarter, EBITDA amounted to -$11.92 million. Shareholders own equity worth $60.35 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Rapid7 Inc. (RPD) price momentum. RSI 9-day as of the close on 09 August was 59.01%, suggesting the stock is Neutral, with historical volatility in this time frame at 88.18%.
As of today, RPD’s price is $42.78 +6.75% or $2.91 from its 5-day moving average. RPD is currently trading +8.46% higher than its 20-day SMA and +15.75% higher than its 100-day SMA. However, the stock’s current price level is -5.83% below the SMA50 and +1.59% above the SMA200.
The stochastic %K and %D were 29.26% and 18.12%, respectively, and the average true range (ATR) was 2.50. With the 14-day stochastic at 68.53% and the average true range at 2.22, the RSI (14) stands at 55.96%. The stock has reached -1.09 on the 9-day MACD Oscillator while the 14-day reading was at -1.87.
Analyst Ratings
UBS launched coverage on Rapid7 Inc. (NASDAQ: RPD) in its analyst report released on July 06, 2023. The firm assigned the stock a Neutral rating. The consensus rating for Rapid7 Inc. (RPD) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell RPD, while 15 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 4 others rate it as a “buy”.
What is RPD’s price target for the next 12 months?
Analysts predict a range of price targets between $40.00 and $65.00, with a median target of $52.00. Taking a look at these predictions, the average price target given by analysts for Rapid7 Inc. (RPD) stock is $51.13.
