The stock of Riskified Ltd. (NYSE:RSKD) increased by $0.52 on Tuesday to $4.78, up 12.19 percent. The last five days have seen an average of 552,398 shares of common stock traded. 13 times new highs were reached in the current year, with a gain of $0.11. The average number of shares traded over the last 20 days was 581,229, while the average volume over the last 50 days totaled 482,866.
RSKD stock appreciated 1.05% since last month. On 08/14/23, the company’s shares reached a one-month low of $4.06. The stock touched a high of $6.73 on 02/02/23, after rallying from a low of $3.43 in 52 weeks. The price of RSKD stock has risen by 3.45% or $0.11 this year, reaching a new high 13 times. Still, the stock price is down -28.98% from the 52-week high.
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Valuation Metrics
Beta for the stock is 1.20. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.16, the price-to-book (PB) ratio of 1.67.
Financial Health
For the three months ended March 30, Riskified Ltd.’s quick ratio was 8.20, while its current ratio was 8.20, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 51.80% percent. Riskified Ltd.’s EBITDA margin for the year ended March 30 was -35.88%, whereas its operating margin stood at -36.40% for the same period. Based on annual data, it had gross profit of $135.1 million and revenue of $261.25 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. RSKD’s return on assets (ROA) during the last 12 months has been -14.70%. There was a -23.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -17.90%.
Earnings Surprise
According to Riskified Ltd.’s quarterly financial report for the quarter that ended March 30, it had $287.0 million in cash and short-term investments. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $261.25 million, while revenues rose by 12.29% to $0.0. It was predicted that Riskified Ltd.’s quarterly earnings would be $0, but it ended up being -$0.06. EBITDA was -$19.66 million for the quarter. At the end of Riskified Ltd.’s most recent quarter ended March 30, its liabilities totaled 102.96 million, while its total debt was $36.17 million.
Technical Picture
Here’s a quick look at Riskified Ltd.’s (RSKD) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 58.46%, suggesting the stock is Neutral, with a 73.81% historical volatility rate.
The stochastic %K and %D were 38.51% and 24.66% respectively, while the average true range (ATR) was 0.24. Based on the 14-day stochastic reading of 79.35%, the RSI (14) reading is 54.14%. On the 9-day MACD Oscillator, the stock is at -0.08, and the 14-day reading is at -0.18.
Analyst Ratings
In its most recent analyst report, Piper Sandler raised its rating on Riskified Ltd. (NYSE: RSKD) to an Overweight. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned Riskified Ltd. (RSKD) an Overweight rating. RSKD is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 4 others recommend it as a buy.
What is RSKD’s price target for the next 12 months?
The current consensus forecast for the stock is between $5.50 and $8.00, with a median target price of $7.25. In analyzing these forecasts, the average price target given by analysts for Riskified Ltd. (RSKD) is $6.92.
