Radian Group Inc. (NYSE:RDN) finished Friday with an addition of $0.12 to close at $27.60, an upside of 0.44 percent. An average of 842,160 shares of common stock have been traded in the last five days. There was a fall of -$0.26 in the past week, and it reached a new high 31 times over the past 12 months. The last 20 days have seen an average of 945,260 shares traded, while the 50-day average volume stands at 1,150,204.
RDN stock has increased by 6.98% in the last month. The company shares reached their 1-month lowest point of $25.41 on 07/14/23. With the stock rallying to its 52-week high on 08/07/23, shares of the company touched a low of $17.83 and a high of $28.26 in 52 weeks. It has reached a new high 39 times so far this year and achieved 44.73% or $8.53 in price. In spite of this, the price is down -2.34% from the 52-week high.
Insider Transactions
RDN stock investors should be aware that Radian Group Inc. (RDN) stock had its last reported insider trading activity 68 days ago on Jun 05. In this transaction, the insider spent $779,400. Director, Mumford Lisa, disposed of 2,830 shares at a price of $25.82 on May 30. The insider now owns more than $73,071 worth of shares. Prior to that, Sr. Exec Vice President Ray Eric went on to Sale 7,087 shares at $25.07 each on May 24. An amount of $177,655 was transacted.
Valuation Metrics
Radian Group Inc. (RDN) has a trailing price-to-earnings (P/E) ratio of 6.37. The stock’s beta is 1.08. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.52, the price-to-book (PB) ratio at 1.05, and the price-to-cash flow ratio at 17.66.
Financial Health
Further, the company has a long term debt to equity ratio of 0.38 and a total debt to equity ratio of 0.38 for the quarter ending June 29.
Earnings Surprise
For the three-month period that ended June 29, Radian Group Inc. had $1.42 billion in total debt. The company posted a net income of $146.09 million in the quarter, while revenues of $157.76 million were shrunk -37.72%. The analyst consensus anticipated Radian Group Inc.’s latest quarter earnings to come in at $0.78 per share, but it turned out to be $0.91, a 16.70% surprise. At the end of the quarter ending June 29, Radian Group Inc.’s stock balance sheet showed total debt was $1.64 billion. Shareholders own equity worth $157.43 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Radian Group Inc. (RDN) price momentum. RSI 9-day as of the close on 11 August was 61.59%, suggesting the stock is Neutral, with historical volatility in this time frame at 16.24%.
As of today, RDN’s price is $27.84 -0.93% or -$0.26 from its 5-day moving average. RDN is currently trading +7.35% higher than its 20-day SMA and +31.87% higher than its 100-day SMA. However, the stock’s current price level is +8.07% above the SMA50 and +40.03% above the SMA200.
The stochastic %K and %D were 69.80% and 79.23%, respectively, and the average true range (ATR) was 0.49. With the 14-day stochastic at 60.48% and the average true range at 0.47, the RSI (14) stands at 63.93%. The stock has reached 0.11 on the 9-day MACD Oscillator while the 14-day reading was at 0.35.
Analyst Ratings
Keefe Bruyette downgraded Radian Group Inc. (NYSE: RDN) to a a Mkt perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform.
